The post SuperTrend Flashes Buy Signal on Chainlink, $18 Next? appeared on BitcoinEthereumNews.com.

Chainlink (LINK) price action flashed a ‘Buy Signal’ on the daily time frame. That suggested a potential reversal of the downtrend, which has stayed since the start of 2025. SuperTrend Indicator Flashed a Buy Signal The SuperTrend on the Chainlink daily chart flashed a buy signal when price closed above the $14.20 resistance. It showed a potential shift in momentum. LINK was trading at $14.99 at press time after breaking out of the colored SuperTrend zone. That indicated strength on the upside. If this breakout sustains, LINK could target the $16.00 level, which is minor horizontal resistance. LINK daily price chart | Source: Trading View A confirmed break above $16 may lead to $18 in weeks. However, a failure to stay above $14 would nullify the buy signal, and LINK may retest the $13.20 support. SuperTrend’s change from bear to bull registered rising buying pressure, but close to key resistances indicated volatility. Traders must watch the $14 and $16 levels closely for confirmation. Chainlink Price Prediction Chainlink price posted a clear inverse head and shoulders on the 6-hour chart, pointing to a potential bullish reversal. The resistance line at the neckline that accumulated in the $15.30 to $15.70 range was broken, signaling growing strength. If LINK remains above this level, it could attempt to break towards $16.00 to $16.50, the following major resistance levels. A confirmed breakout above $16.50 would trigger a 25%-30% rally. It could take LINK to the $20.50–$21.00 area by the first week of May. The pattern looks bullish if LINK holds in the range of $14.50–$15.00, which now serves as support after the breakout. LINK 6-hour chart | Source: Trading View Failure to hold above $15.00 would signal a pullback to $13.70. It is the level at which the right shoulder of the pattern is formed.…

---

Filed under: News - @ May 2, 2025 3:20 am