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BlockNews
Home CRYPTO CHAINLINK

Chainlink Pops Over 7% — Is $32 Now on the Table?

Gary Ponce by Gary Ponce
July 12, 2025
in CHAINLINK, CRYPTO, FINANCE, OPINION
Reading Time: 3 mins read
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  • LINK jumped 7% and broke above major resistance, now trading near $15.35.
  • Short-term target sits around $16, with potential for $28–$32 if Elliott Wave plays out.
  • $14.80 is the level to hold—lose that, and the rally might stumble.

Chainlink (LINK) is waking up again, and fast. The price jumped more than 7% in just a day, cruising past some key resistance levels and landing somewhere around $15.35 at the time of writing. Volume’s up, sentiment’s turning, and traders are starting to look real closely at what might come next.

Some technical folks are pointing to a possible move toward $16 in the short term. But if momentum doesn’t fizzle? There’s chatter about LINK heading to $28, maybe even $32. Sounds ambitious—but hey, this is crypto.

Breakout Confirmation Has Bulls on Alert

Chainlink’s move came right after it cleared a chunky wall of resistance—$14.00, $14.50, and then, boom, through $15.35 like it was butter. TradingView charts show a clean breakout from a slow grind upward, backed by healthy volume. Not just a one-off pump either—it’s holding, at least for now.

Right now, price is chilling just above $15.00, consolidating a bit. This is what analysts call a “pause that refreshes,” where price might take a breather before it runs again. That $15 area? It’s now acting as the floor. If bulls defend it, this thing could push to $16 next.

LINK’s market cap just cruised past $10.4B too, so it’s gaining weight in the wider crypto scene.

Chainlink Link Technical Analysis

Trader Rai’s Tight Setup Plays Out Nicely

Over on X (yeah, we still call it Twitter sometimes), trader Rai pointed out a clean breakout and shared a long entry at $14.691 with a tight stop at $14.675 and a target of $14.907. He wasn’t wrong either—price moved fast, and that small risk window made the setup all the more tempting.

The key zone now? Somewhere around $14.60–$14.69. It’s shaping up to be the demand zone—former resistance turning into support. Classic breakout structure stuff. As long as LINK stays above that, there’s fuel for more upside.

Elliott Wave Fans Are Eyeing $28 to $32

Now here’s where it gets interesting. An analyst going by Degencoder is tracking LINK through an Elliott Wave lens. According to him, we’ve just entered Wave (3)—which is usually the juiciest leg of the pattern. Big energy. Bigger price action. Target? Somewhere between $28 and $32.

The breakout above $12 was the kicker, and since then, it’s been grinding higher. Volume’s rising. Bollinger Bands are expanding. All signs of a building trend. Of course, if this plays out, a cool-down could follow in Wave (4), maybe down to the $24–$26 range. But for now, eyes are locked on Wave (3).

Can LINK Hold $14.80 and Climb?

During the July 10 session, LINK gained over $1 from a low around $14.30 to a close near $15.35. That’s not nothing. Momentum’s real, and short-term support now sits right at $14.80. If bulls defend that line and volume stays healthy, $16 is within reach—and the $28–$32 stretch starts to look less like a dream.

Traders and investors are watching closely. Breakouts don’t always stick, but this one? It’s got a bit of weight behind it.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: $LINKChainlinkDegencodertrader_raiiiTradingViewX
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Gary Ponce

Gary Ponce

Gary has been active in the crypto space since 2019, developing hands-on experience in trading, airdrop hunting, and identifying emerging narratives in low-cap tokens. For over four years, he has contributed research and editorial content with Aiur Labs and BlockNews, focusing on market analysis and community insights. His work reflects both transparency and independent reporting, with an emphasis on simplifying complex ideas for readers. Gary is a long-term believer in Bitcoin, Sui, Hype, Litecoin, XRP, AVAX, and select meme tokens, combining personal trading knowledge with professional editorial standards.

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