Chainlink (LINK) Breaks Key Wedge Pattern, Targets $41 in Bullish Rally

Chainlink (LINK) has surged past a critical descending wedge pattern, signaling potential for further gains. The token currently trades NEAR $19.66, up 1.33% in the past 24 hours, with traders eyeing a decisive break above $20 to confirm bullish momentum.

Analysts highlight the $13.5–$14.5 zone as a strong accumulation base, now transitioning into an expansion phase. The daily RSI remains elevated above 73, while consistent volume underscores growing buyer conviction. Historical patterns suggest this breakout could mirror previous cycles where similar wedge structures preceded strong rallies.

Key resistance levels loom at $26 and $41, with the latter representing a potential target if current momentum holds. Market participants are closely watching LINK's ability to sustain its upward trajectory amid broader crypto market strength.