Chainlink Pushes Past Resistance as Traders Eye Bigger Gains

Chainlink is making waves again. After months of sideways moves and fading sentiment, the oracle token has officially broken free from its prolonged slump, now trading at $16.26. That’s a 3% uptick in the last 24 hours—and more importantly, it’s testing a price zone that traders have been eyeing since mid-April.

This isn’t just another blip. The recent price action, along with on-chain data and technical cues, points to something bigger potentially unfolding. Whether the momentum holds through next week could make or break the case for a rally toward the $25 mark.

Retest at $16 Could Decide the Next Leg Up

The breakout was clean, but it’s the retest that matters now.

A tweet from well-followed crypto analyst Alifer caught fire online after highlighting $LINK’s surge above the $16 resistance. He noted that Chainlink is now retesting this critical level, and if it holds, all eyes will shift to $17.50 and beyond.

That’s where things get interesting. The $16 zone has been a battleground before. It’s acted as both resistance and support multiple times this year.

One tweet. One chart. And suddenly, half of Crypto Twitter is watching $LINK again.

If this retest sticks, here’s what traders expect:

• $17.50–$20.00 becomes the next logical resistance.

• Above $20, the supply zone at $25–$27 could come into play.

• Breaking that? Whole different ballgame.

For now, it’s a waiting game—but the mood has shifted.

Exchange Outflows Light a Fire Under Bulls

Here’s what’s adding fuel to the optimism: whales are pulling tokens off exchanges.

More than 3.32 million LINK left trading platforms in just 24 hours, according to data shared by on-chain analytics account @ali_charts. That’s not small potatoes.

This kind of movement usually means one thing—holders don’t plan to sell anytime soon.

When coins flow into exchanges, it often signals a dump. When they flow out, it suggests accumulation or long-term storage. And the market tends to react accordingly.

Just one sentence here: the timing of this outflow is hard to ignore.

Traders are connecting the dots: breakout + strong retest + exchange outflows = something’s brewing.

Technicals Favor the Bulls, But It’s Not All Green Yet

Looking at the charts? There’s plenty to be optimistic about—but also some caution.

Chainlink is currently hovering above both its 50-day and 100-day moving averages. That’s a good sign, suggesting medium-term momentum is tilting positive. The 50-day MA is sitting at $13.76, while the 100-day MA is at $15.30. Chainlink’s price comfortably above both gives swing traders some breathing room.

There’s also the $15.50 mark, dubbed the “Oblique Major Support.” Price bounced off it recently, showing clear demand in that area.

Not everything is perfect though.

The price is now brushing up against the upper Bollinger Band at $16.20. That can indicate the asset is getting overextended—unless volatility expands even more.

And then there’s $17.00. A historic resistance point. Many remember how $LINK stalled there in previous rallies. Until it breaks, it’s a psychological lid.

But if it does break? Open skies ahead.

How LINK’s Ecosystem Strengthens the Case

Beyond charts and sentiment, there’s also the underlying value.

Chainlink isn’t just any token—it’s the most adopted decentralized oracle network. It connects blockchains to real-world data, and it’s embedded into DeFi, NFTs, and even traditional finance pilots.

Institutional players like SWIFT, Google Cloud, and major blockchains like Ethereum and Polygon have used Chainlink’s services. That kind of traction doesn’t disappear overnight.

And while prices fluctuate, its ecosystem keeps growing in the background.

Here’s a quick look at some core metrics:

Sentiment Has Shifted, But Can It Hold?

Markets love momentum—but they’re also fragile. A bad CPI print, a surprise Fed announcement, or even a Bitcoin correction could derail everything.

Still, for now, the tone around $LINK is undeniably more optimistic than it was just a few weeks ago. Back then, it was drifting under $14 with little interest.

Now?

Analysts are posting charts again. Traders are tweeting setups. Exchange balances are shrinking. All these ingredients together don’t guarantee a breakout—but they raise the odds.

One trader on Reddit joked, “If $LINK hits $25, I’m taking my grandma to Bali.” Wild? Sure. But that’s crypto for you.

And right now, Chainlink’s got people watching again.