Chainlink (LINK) Breaches $16 as Liquidity Trends Suggest Continued Bullish Momentum

Chainlink (LINK) has surpassed the $16 threshold, with analysts predicting further upside as liquidity dynamics support bullish momentum. The token is now testing a key resistance zone between $16.00 and $16.50—a historical area where previous rallies have lost steam.

Market structure remains strong, with layered support between $13.50 and $11.60 providing a safety net. A decisive close above current levels could spark a 10% rally toward $17.60-$18.00, according to technical analysis. Daily trading volume exceeding $659 million highlights strong investor conviction.

Macro analysts point to a notable divergence: LINK's price action appears undervalued relative to broader liquidity metrics. This fundamental gap, combined with robust on-chain demand, suggests LINK may outperform the broader crypto market in the coming weeks.