- LINK broke above a key resistance cloud, signaling a potential bullish trend reversal.
- RSI at 62.34 suggests growing buying pressure, nearing overbought levels.
- Daily volume surged nearly 14%, reinforcing investor confidence in continued upside.
Chainlink (LINK) is heating up across the crypto markets, flashing strong bullish signals as it breaks key resistance levels and attracts growing investor attention. LINK is showing positive market signals because new technical analysis tools match rising trading volume data while analysts detect a crucial buy signal.
According to Ali, Chainlink (LINK) has triggered a notable buy signal after successfully breaking above a prolonged resistance cloud, suggesting a potential bullish reversal.This breakout from the descending trend, which had dominated since early February, aligns with the emergence of a “Buy” label following a prior “Sell” in early 2025. The current price action hovering at the top of the cloud zone indicates critical resistance, and a confirmed breakout could open the path toward higher price targets in the short term.
Source: X
Current Chainlink Price
Chainlink (LINK) saw modest gains over the past 24 hours, rising 0.67% to trade at $15.12, according to CoinMarketCap data. The trading market cap of LINK increased to $9.92 billion while the daily trade activity surged 9.56% to achieve $339.25 million. LINK stumbled unexpectedly to values under $14.60 during April 28 evening session on April 28 but made a swift recovery on April 29 morning to surpass $15.00. At present Chainlink maintains an FDV value of $15.1 billion and operates with 657.09 million LINK circulating from its maximum available supply of 1 billion. Market prices show growing positive investor sentiment which short-term market swings cannot affect according to the profile score of 65%.
Source: CoinMarketCap
RSI and MACD Point to Strengthening Uptrend in LINK
Chainlink (LINK) continued its upward momentum, currently at $15.123 with a 0.67% daily gain, signaling a strengthening bullish sentiment. The Relative Strength Index (RSI) reached 62.36 which shows increasing bullish demand and approaching the overbought zone. The upward price momentum remains stable because the MACD line at 0.462 remains above the signal line at 0.264. Recent trading data shows Link (LINK) kept reaching higher minimal price points during its recent closed periods following its previous market drop. Market participants maintain close attention for an upcoming price breakout above $15.25 because various technical indicators show bullish momentum.
Source: TradingView
