Key Takeaways
- Chainlink (LINK) breaks out of a bullish flag and pole pattern, hinting at a massive rally.
- Experts predict that LINK could reach $50 in the coming days.
- As per the Coinglass data, 73.62% of Binance traders are betting on the long side.
Chainlink (LINK) has formed a bullish price action pattern on its daily chart, indicating that the asset is poised for a significant rally. Not only the price action but also the interest and participation of traders and investors support this outlook.
Current Price and Rising Trading Volume
Today, LINK posted a gain of over 6.50%, reaching the $23.41 level for the first time since September 21, 2025, according to TradingView data. During the same period, investor and trader activity peaked, causing the asset’s trading volume to jump 40% to $1.10 billion, per CoinMarketCap.
This surge in trading volume aligns with rising prices, suggesting that market participants are driving prices upward. Overall, it is a bullish sign for LINK holders.
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Chainlink (LINK) Technical Analysis: Key Price Levels Ahead
According to TradingView, LINK is in an uptrend and poised for a significant price increase. On the daily chart, the asset has broken out of a bullish flag and pole pattern, following a sideways price movement for over five days.
The daily chart also shows that whenever LINK has broken out of a flag and pole pattern, it has posted a massive gain of 80%, as recorded on August 7, 2025.
Based on the current price action, if LINK successfully closes a daily candle above the flag and pole pattern, it could trigger a significant rally. In that case, the chart suggests a potential price increase of over 50%, possibly reaching the $35.70 level or higher.
With LINK’s price jump, its Relative Strength Index (RSI) stands at 55.60 and continues to rise, indicating a strong upside trend. However, the asset still has enough room to maintain upward momentum before reaching overbought territory.
Given the current market sentiment, several bold predictions have recently emerged, with some suggesting that LINK could reach $100, while others anticipate it may hit $50.
Traders Show Strong Bullish Sentiment
Adding to the bullish momentum, traders are strongly following the current trend as long positions continue to rise. Coinglass reports that the Binance LINKUSDT Long/Short ratio has reached 2.79, indicating strong bullish sentiment among traders. This metric also shows that 73.62% of traders are betting on the long side, while 26.38% are on the short side.
LINK stands at $21.43 on the lower side and $23.80 on the upper side. At these levels, traders have built $29.82 million worth of long positions and $4.92 million worth of short positions.
Combining these metrics, it appears that bulls have strong dominance, and LINK may continue its upward momentum in the coming days.
