The altcoin market could be set benefit from the broader recovery with Chainlink (LINK) price prediction analysis showing that a sustained stay above the breakout could lead to price growth.
Chainlink (LINK/USDT) broke out of a falling wedge pattern on the 2-hour chart—a bullish setup formed by downward-sloping converging trendlines.
The pattern appeared at $15.60–$15.70, suggesting it was likely to reverse its trend and encourage more buyers. The 200 EMA close to $15.60 appeared to switch roles and assist the market by helping it to rise.
If LINK broke the upper wedge boundary and stayed above the 200 EMA, the breakout would be confirmed and it could head to around $16.
A strong bullish candle that peaked at $15.80 reflected initial momentum; however, confirmation depended on continued price action above $15.60.
On the other hand, failure to hold this level could see LINK re-enter the wedge, possibly revisiting the $14.80 zone. With an obvious change in structure, LINK showed strength; the key was still in its delivery.
Moreover, as the wedge got smaller, it signaled traders taking less of a short position and the move out of the wedge could forecast a turn in the trend.
The price close to $15.70 suggested that bulls were waiting to build on their gains.
If trading volume was high at the same time, it might have shown more support for the move and allowed the price to move closer to $16.50.
When LINK broke out above $15.60, the liquidation heatmap indicated some areas that may have influenced LINK’s next movement.
Most of the asset liquidations took place between $16.30 and $16.70, reaching their maximum around $16.50.
This area might have acted as a magnet, as price could have moved upward to trigger short liquidations.
However, if LINK failed to stay above $15.60, it might face a quick drop. Between $15.50 and $15.00, there was little liquidation activity, making a fast decline to $14.80 more likely.
This level matched the wedge’s earlier support and held strategic importance. Below $14.80, thin liquidation interest suggested that a break lower might have extended the downside.
Holding above $15.60, therefore, could have aimed at $16.50, while weakness might have brought $14.80 back into focus.
The pattern also pointed out that areas of higher stress to liquidation could have influenced what prices were observed in the market.
With the help of Chainlink’s technology, Kinexys, run by J.P. Morgan, finished a cross-chain DvP transaction on May 14, 2025.
Together with Ondo Finance and tokenized U.S. Treasuries, this initiative helped close the gap between public and institutional finance.
When LINK reached $15.60, the event supported the idea that improved use cases might have helped the success of the breaking price.
Because of this, LINK could have risen to $16.50 and above, giving confidence to bullish traders.
Should LINK’s price drop below $15.60, it could signal that the good news was all used up, leading to a fall back to $14.80.
When liquidation levels were at $16.30 or above, it pointed out that additional news about acceptance could have led to an increase in prices.
Yet, persistence in the move might have prevented price from settling below the $15.00 level.
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