Chainlink LINK Breaks Key Resistance as Traders Eye $32 Target Amid Bullish Momentum

Chainlink's LINK token has surged 7.37% over the past 24 hours, breaking through critical resistance levels to trade around $15.35. Analysts highlight increasing trading volume and a bullish Elliott Wave pattern as signals for potential further gains.

Short-term price targets are concentrated between $14.90 and $16.00, with long-term projections suggesting a possible rally toward $28–$32 if the current momentum continues. The token established structural support at $12 before forming a new base above $14.80.

TradingView data indicates the breakout followed a clean upward trajectory from $14.00, with rising volume confirming genuine market participation rather than isolated spikes. Traders are closely monitoring the current consolidation above $15.00 as a crucial intraday support level.