Chainlink (LINK) Surges 30% in Two Weeks, Eyes $17.50 Resistance

Chainlink (LINK) is currently experiencing a significant surge in interest as it approaches a critical resistance level that has previously hindered its progress. The token is trading around $15.60, with the next major test at $17.50, a level that has acted as a ceiling in the past. This resistance level has been a significant barrier for LINK, halting rallies in late March and early May. If LINK can close above $17.50, it could break out of a three-month range and potentially move towards $19.50 or even $20.00.

Over the past two weeks, LINK has climbed approximately 30% from its early July low near $12.00. The daily chart shows steady buying with higher highs and higher lows, indicating bullish momentum. The recent breakout above the $14.00 level, which was previously strong resistance, has flipped into support. This shift suggests that buyers are in control, as evidenced by four strong green candles in a row. Below $14.00, there is another support zone between $12.30 and $12.70, which has caught several dips earlier this year.

If LINK price starts to slip, the $14.00–$13.90 zone becomes crucial. Bulls will want to see a quick recovery if the price drops there. If it doesn’t bounce, the next support area is near $12.30. In a worst-case scenario, the $10.80–$11.10 level is the last line of defense, the same zone where LINK bottomed out in the spring. This level would need to hold to keep the current bullish structure intact.

Analysts have identified a W pattern breakout and increasing volume, reinforcing both short-term and mid-term bullish structures. The 3-day chart of Chainlink (LINK/USDT) shows a clear W pattern forming after months of consolidation between $12.00 and $18.00. The neckline of this formation aligns with both a descending wedge breakout and multi-month resistance near $18.00. A successful breakout at this level would confirm bullish momentum and open the path toward $25–$31 in the coming weeks. The ascending purple trendline on the chart has consistently provided dynamic support since mid-2023, reinforcing long-term bullish sentiment. The current setup, supported by higher lows and volume expansion, creates favorable conditions for an extended rally. The ultimate projection stands at $31.07, a level that aligns with historical cycle resistance and psychological thresholds.

TradingView’s daily LINK/USDT chart shows sustained bullish structure, with the price currently at $16.25, reflecting a 3.77% gain on the day. The pattern of higher highs and higher lows remains intact, with the next resistance marked at $19.53. If the price clears this hurdle, analysts suggest that the $20 level may follow quickly due to reduced overhead supply. The MACD indicator supports this view, showing the MACD line at 0.54 above the signal line at 0.22, with a green histogram at 0.32. This crossover and expanding histogram suggest strong and rising momentum behind the move. The RSI stands at 70.64, just entering overbought territory. In trending markets, this often reinforces the bullish trend rather than signaling a reversal.

The price structure is further validated by insight from Hakan Kocabıçak, who points to the confluence of moving average support and volume growth as signals of trend strength. His analysis shows LINK holding firmly within a rising channel, approaching a clean breakout above $17.50. If confirmed, this move could open the door for continuation toward the $19–$20 zone and potentially higher if sentiment holds.

On July 13, 2025, Chainlink (LINK) was trading at $15.21 with a 0.25% decrease in the past 24 hours. It has a market cap of $10.31 billion. Most forecasts point to a gradual growth for LINK, with its price rising to $15.88 in 2026 and even to $19.30 by 2030. The breakout brought LINK into the $15.80–$16.00 range, setting its sights on the next key resistance at $17.40. This level serves as a critical point for the token's future movements. The price structure remains bullish, and if LINK holds above $16, the next target zone is $17.50 to $18.20. Look for pullback entries to ride the continuation. With a current price of $16.06, LINK has broken out of a long-term descending triangle pattern, and analysts are eyeing key resistance levels at $18 and beyond.