The post ChainLink Gains 3% and Holds Support With Breakout Still Active appeared on BitcoinEthereumNews.com.

Chainlink (LINK)Price is approaching a major breakout as analysts identify bullish long-term and short-term chart formations. LINK Collector highlighted a multi-year symmetrical triangle nearing its apex, with $100 cited as a long-term magnet level if the price breaks out. Meanwhile, ZAYK Charts confirmed a breakout from a descending triangle, projecting a 63.33% rally toward $27.00 based on measured move targets. LINK Price rose 3.48% in the past 24 hours, trading at $16.50 with support holding above $16.30 despite minor retracements. Trading volume reached $909 million, reinforcing bullish momentum as LINK targets $16.90 and possibly $17.20 next. With a market cap of over $11.18 billion, Chainlink’s expanding role in blockchain infrastructure continues to support its bullish technical outlook. ChainLink Gains 3% and Holds Support With Breakout Still Active Chainlink (LINK) Price recorded a 3.48% gain over the last 24 hours, closing the session near $16.50 after peaking at $16.90. Despite a brief pullback, the token maintained support above the $16.30 level, reinforcing buyer control throughout the day. The intraday chart showed a pattern of higher highs and shallow dips, suggesting steady buying demand and profit-taking balance. Source: BraveNewCoin Trading volume reached approximately $909 million, indicating strong participation throughout the session. The stable volume profile points to a market move backed by consistent interest rather than low-liquidity volatility. With a market capitalization exceeding $11.18 billion and a circulating supply of more than 678 million LINK tokens, the technical structure remains aligned with an active bullish setup. If bulls push beyond $16.90, the next target may emerge near $17.20. Symmetrical Triangle on Weekly Chart Approaches Apex Analyst LINK Collector presented a long-term view of LINK using a weekly chart, which shows a multi-year symmetrical triangle pattern developing since 2021. This formation, created by converging trendlines of ascending support and descending resistance, reflects prolonged…

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Filed under: News - @ July 18, 2025 2:20 pm