Chainlink Surges 19% Past $19 Mark, Indicating Trend Shift

Chainlink (LINK) has surged past the $19 mark, marking a significant breakout above its long-term Gann arc resistance. This movement indicates a potential trend shift, as the price action now enters an upward arc path. The breakout aligns with a double bottom reversal structure forming above the $14 zone, suggesting a directional shift in the market.

On July 21, 2025, an analyst shared a weekly LINK/USD chart highlighting the successful break of a Gann resistance arc. This move is the first sustained breakout of the curved resistance since LINK’s 2021 peak. The chart shows historical Gann curvature aligning closely with major reversal points from 2019 to 2024, indicating that LINK has completed a full cycle and is preparing for the next upward phase.

The LINK weekly chart reveals a multi-year arc system plotted using Gann-based geometry. These arcs reflect time and price intersections where strong reversals or breakouts often occur. The current breakout intersects above a long-standing green arc near $18, marking a possible long-term trend reversal. Volume across the past three weekly candles has shown steady growth, adding further confirmation to this trend shift.

Technical formations now include a visible double bottom pattern with troughs near $13 and a neckline close to $18. This structure supports a bullish continuation with the next arc resistance plotted near the $28 level. LINK remains above all major curve intersections heading into Q3 2025, indicating a strong upward momentum.

The chart outlines a double bottom formation, with two symmetrical lows forming between January and June 2025. This pattern often signals strong accumulation and a reversal of prior downtrends. The neckline of the pattern coincides with the arc breakout point, further strengthening the signal. Support around $14 has held for over six months, acting as a base for the current bullish drive. The reaction at this level has been historically consistent with key bounces since 2021, validating the area as strong technical support.

If this pattern plays out, measured moves from the base to the neckline project targets around the $23 to $28 zone. The vertical line drawn on the chart confirms this trajectory as it aligns with the upcoming arc band overhead. As LINK moves beyond $19 and holds the breakout, traders now track the next arc zone near $28. Gann-based setups remain a widely followed tool for timing long-term crypto trend changes.