Chainlink Breaks $15.50 as Analysts Target $22 and $30 With Bullish Trend Reclaim

Chainlink breaks past $15.50, confirming an inverse Head and Shoulders with momentum aiming for $22.22 and higher resistance targets.

The weekly chart shows LINK reclaiming a five-year trendline after surging 18%, reinforcing a long-term bullish continuation structure.

Price action confirms a breakout from months of consolidation, fueled by rising volume and a sharp push through descending resistance.

Chainlink has confirmed a bullish breakout, surpassing the $15.50 resistance level and igniting strong upside projections. Technical charts show LINK breaking long-term structures and reclaiming multi-year trends as momentum builds.

Inverse Head and Shoulders Pattern Signals Upside Break

LINK has shifted from accumulation to expansion, with price structure forming higher lows and strong bullish candles since April. The breakout above $15.50 confirms a reversal pattern, opening the door to multiple price targets. Technical analysts have identified a clean neckline break followed by consistent upward movement, strengthening the bullish case.

After months of compression, the recent move shows signs of a breakout rally, according to Marzell, a technical analyst. He has provided additional insights on the inverse Head and Shoulders pattern confirmed on the daily chart. He explained that the breakout above $15.50 marks the strongest price level reclaimed since late 2024.

Source: Marzell

He noted that LINK now trades around $16.13, following a sharp push through descending resistance that began in December. According to his data, price formed lower highs from January to March, but a reversal took place in April. He pointed out that accumulation between $12.00 and $13.00 provided a base for this breakout.

The analyst also identified three major upside targets: $22.22, $26.09, and $30.62. These levels align with previous resistance points and Fibonacci-based projections. He emphasized that LINK has entered a bullish structure with expanding price behavior and consistent momentum above prior resistances.

Multi-Year Trend Reclaim Confirms Long-Term Support

Fitzo Crypto is offering a comparative analysis focused on Chainlink’s long-term price action and weekly structure. His data covers price behavior from mid-2019 through the present, with trends extending into 2026. He evaluated major turning points using ascending trendlines and moving averages across multiple higher lows.

Source: Fitzo Crypto

The latest chart shows LINK trading near $16.35 after gaining nearly 18% within a single day. According to Fitzo Crypto, this breakout reclaims a diagonal trendline that connects 2019 lows with 2023 support. He confirmed that the price previously dipped below this line but has now surged back above it.

The moving average on his weekly chart has also shifted upward, supporting the breakout’s momentum. He also highlighted historical resistance near $28, $35, and $50 levels seen during the 2020–2021 bull cycle. The analyst’s findings reflect a long-term shift from consolidation into trend continuation above the $16.50 zone.

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