TLDR:

Chainlink keeps $12 floor, printing higher lows inside a year‑long ascending channel.
Ali notes 0.5 Fibonacci bounce, eyeing resistance clusters near $18 and $20.
@CryptoJobs3 eyes $100 long term, citing momentum and improving fundamentals.
Weekly 2 % gain lifts sentiment as traders track volume to confirm breakout.

Chainlink’s current price action lately has expressed its ability to stay above the $12 level. Analysts believe that maintaining this support could open the door to a strong move toward the $18 to $20 range. 

With growing market momentum and recurring bullish patterns, some traders now anticipate further upside. 

Although the token has seen minor declines, the broader trend suggests strength is building. Market observers are now focused on key technical signals as the next move unfolds.

Chainlink Price Holds Above Key Support Level

According to analyst Ali, Chainlink’s recent behavior around the $12 level is critical. He noted that the token continues to hover just above this threshold, which sits near the lower end of its ascending channel. 

A bounce from this area could be the start of a rally, particularly if volume supports the move. The trendlines on the long-term chart, which cover data from 2023 to mid-2025, indicate a pattern of higher lows and resistance retests. 

At publication, LINK trades at $13.38, showing a slight dip over the past day but an overall gain of 2.05% for the week, per CoinGecko data.

Ali’s analysis also highlights the importance of Fibonacci retracement levels. 

LINK’s current price sits near the 0.5 retracement, which typically serves as a decision point for bullish or bearish continuation. If the price holds and bounces, the next resistance zones appear around $18 and $20, both near higher Fibonacci marks.

This setup matches the wider sentiment that a stable base at $12 could attract renewed buying interest. Holding above these levels may help push the token toward new local highs if broader market conditions remain favorable.

Chainlink $LINK holding above $12 could pave the way for a breakout toward the $18–$20 range! pic.twitter.com/liBmTelZwy

— Ali (@ali_charts) July 4, 2025

Broader Sentiment Turns Upbeat

Separately, @CryptoJobs3, another well-followed crypto commentator, shared a bold long-term target of $100 for Chainlink. 

While such projections are speculative, he emphasized increasing momentum and strong fundamentals supporting the asset. His statement reflects growing optimism in the crypto community as the asset continues to print bullish structures on the chart.

You are too many to sleep on my chart & insights! $LINK to $100 this year?

Dropped this target a few months back, and honestly, it’s looking more and more realistic as days go by!

Momentum is building, the fundamentals are strong, and the chart keeps printing bullish… pic.twitter.com/Y7Un0W9pxH

— Crypto_Jobs TA & FA (@CryptoJobs3) July 3, 2025

Despite recent volatility, traders appear more confident in LINK’s potential. The continued support from technical levels and community sentiment reinforces the token’s strength in the mid-term.

With LINK maintaining stability above a crucial support zone, the coming days may determine its short-term direction. If bulls hold the $12 level and volume increases, a move toward $18–$20 could materialize. Technical signals and Fibonacci zones align with this outlook.

 

The post Chainlink Holds $12 Support as Analysts Map Path to $20 Breakout appeared first on Blockonomi.

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Filed under: Bitcoin - @ July 4, 2025 8:23 am