Chainlink (LINK) Price Breaks Out of Long-Term Accumulation Toward $72.75 Target

Chainlink (LINK) has drawn attention from technical analysts as macro and daily chart indicators suggest the token is in the early stages of a potential breakout phase. The price structure reflects a shift from a long-term accumulation pattern to a more expansionary trend, with key support and resistance levels coming into focus. Crypto analyst Rafaela Rigo has outlined potential altseason price targets for LINK, with the first major level at $52.77 and a second at $72.75 [1]. These projections are based on the structural breakout on the monthly chart, where the previous resistance between $20.20 and $25 is now acting as a support base. The transition marks a reversal in the role of this price band, which previously capped growth since 2021.

As of the latest analysis, LINK is trading at $25.74 with a market capitalization of $17.45 billion. Daily trading volume surged by 22.73% to $2.8 billion, reflecting heightened market participation and liquidity. The volume-to-market cap ratio of 16.35% further underscores strong short-term activity. The token’s total supply is 1 billion, with 678 million currently in circulation, resulting in a fully diluted valuation of $25.74 billion that is closely aligned with the current market cap. This suggests a mature distribution profile, often a positive indicator during bullish market rotations [1].

On the daily chart, LINK has successfully defended the $25 support level, with a brief dip to $25.05 before recovery above $25.50. The next key resistance is expected around $26.5 and $27, while support is likely to hold at around $24.8. A clean break above $27 with sustained volume would be a bullish sign, potentially signaling a continuation of the upward trend toward the $52.77 and $72.75 targets [1].

The extended accumulation phase between 2022 and 2024 helped absorb selling pressure, setting the stage for a possible expansion phase. Monthly candles showing higher lows reinforce this bullish setup, provided the price remains above the $20.20 level. A failure to sustain closes above this level could trigger a retest of key support areas, undermining the current breakout narrative [1].

The combination of macro-level targets and rising short-term volume provides a compelling context for the potential strength of upcoming price movements. Investors are closely watching the $25.74 region for confirmation of structural momentum, while the broader market continues to assess the implications of the transition from accumulation to expansion. The balance between macro structure and daily trading data will be critical in shaping the next phase of Chainlink’s price action [1].

Source: [1] Chainlink (LINK) Macro and Daily Chart Analysis Points to $72 Altseason Target (https://coinmarketcap.com/community/articles/68a789cf8ae035747577e238/)