LINK Bounces Above $15 as Bullish Targets $32 and $51 Reemerge

LINK’s recent performance has sparked renewed optimism among traders and analysts, with the token maintaining a firm stance above the $15 level, a key Fibonacci support zone at $15.05. This resilience suggests the continuation of a long-term bullish channel, with potential price targets of $29–$46 on the horizon. The current price of around $16.45, following a 3.86% drop in a single day, reflects a consolidation phase, with bulls consistently defending the $15 support level [1].

Technical indicators are beginning to align with a potential upward shift. A bullish crossover in the MACD and a rising RSI signal that buying pressure is increasing. A clean break above $17 could serve as a catalyst for a more substantial rally, particularly if volume rises alongside the price action [2]. According to Ali Charts, LINK remains within a well-defined ascending channel, with the $13 support line still intact and the $46 price target in view. A breakdown below $15, however, could see the price retest the $12.27 or $10 level [3].

The most compelling development has been the breakout from a year-long descending trendline, as highlighted by Solberg Invest. This breakout has validated a bullish case, reinforcing the view that $32—a former resistance level—and $51, a multi-year high, are now within reach. The breakout’s confirmation adds credibility to the upward trajectory, particularly as the price continues to maintain a firm position above the $14–$16 support band [4].

While the long-term outlook appears positive, the path to higher prices will depend on LINK’s ability to hold key levels and generate follow-through buying. A move past $21.66 would be a crucial confirmation of the new bullish cycle. Traders are advised to monitor volume alongside price developments, as increased buying activity above $17 could push the token into the $18–$18.50 zone, setting the stage for further gains [5].

Source: [1]LINK Holds Strong Above $15: Breakout Toward $32 and $51 Back in Play (https://coinmarketcap.com/community/articles/68946c2db608ad3b9f9132c6/) [2]LINK Holds Strong Above $15: Breakout Toward $32 and $51 Back in Play (https://coinmarketcap.com/community/articles/68946c2db608ad3b9f9132c6/) [3]LINK Holds Strong Above $15: Breakout Toward $32 and $51 Back in Play (https://coinmarketcap.com/community/articles/68946c2db608ad3b9f9132c6/) [4]LINK Holds Strong Above $15: Breakout Toward $32 and $51 Back in Play (https://coinmarketcap.com/community/articles/68946c2db608ad3b9f9132c6/) [5]LINK Holds Strong Above $15: Breakout Toward $32 and $51 Back in Play (https://coinmarketcap.com/community/articles/68946c2db608ad3b9f9132c6/)