Chainlink Stuck Below $18 – Is a Explosive Rally to $25 Imminent?

Chainlink's price action hits a wall—traders are itching for a breakout as LINK hovers stubbornly under $18. Will the oracle giant finally punch through resistance, or is this another 'deFi summer' tease?

Key levels to watch: $18 as the local ceiling, $25 as the next psychological target. No fancy TA here—just a straightforward standoff between bulls and the chart.

Meanwhile, traditional finance pundits still can't decide if crypto is a 'hedge' or a 'ponzi.' Some things never change.

$18: The Level Everyone’s Watching

The $18 mark isn’t just a round number—it’s technically significant. According to crypto analyst Hov, this level represents the top of Wave 1 in the Elliott Wave structure. If LINK closes above $18 on the three-day or weekly chart, it could confirm the start of a new impulsive rally, potentially invalidating any bearish continuation from Wave 4.

Hov suggests that two bullish scenarios are currently in play. In the primary view, LINK is already in Wave 3, which could send prices as high as $31 in the medium term. A secondary count still considers the possibility of a longer Wave 4 correction if the $18 breakout fails.

Interestingly, the recent price wick into the $18 resistance zone has reduced the likelihood of Wave 4 extending, but it hasn’t completely ruled it out. For many traders, a high-timeframe close above $18 remains the key signal to shift from neutral to bullish.

Chainlink Price Needs Volume and Momentum

While some momentum is building behind the scenes, volume has not yet confirmed a major trend change. This lack of conviction keeps many traders on the sidelines, waiting for a solid breakout.

Between $18 and $25, there’s a low-volume zone, meaning there’s less historical trading activity in that range. If LINK manages to break above $18, it could climb quickly to $20, then toward the $25 mark, as fewer resistance levels stand in the way.

However, without a confirmed breakout, the risk of a price rejection remains. chainlink needs more than a wick—it needs a sustained move backed by solid buying interest.

Support Levels to Watch if LINK Dips

If selling pressure increases, traders are looking at several support zones to hold the price. The immediate support lies NEAR $16, followed by $14 as the next buffer. Should the market turn sharply bearish, a deeper correction toward $11 could be on the table.

These levels are crucial in maintaining a bullish structure. A breakdown below $14 WOULD significantly weaken the current bullish outlook, increasing the chances of a prolonged consolidation or even a bearish reversal.

Broader Market Context and What It Means for LINK

The recent price drop in LINK coincides with a broader dip across the crypto market. Bitcoin and Ethereum also recorded losses in recent days, adding to the uncertainty and risk in the market. As macroeconomic concerns, such as tariff tensions and central bank policies, weigh on investor sentiment, altcoins like Chainlink become more sensitive to fluctuations.

Chainlink has shown strong fundamentals in the past, driven by its real-world use cases in decentralized oracle networks. But technical traders are more focused on price structure and breakout confirmation at the moment.

Final Thoughts: Breakout or Breakdown?

Chainlink’s price is at a critical turning point. Traders are closely monitoring the $18 resistance, which has repeatedly held back bullish momentum. A close above this level on the daily or three-day chart would likely signal the start of a new upward phase, with potential targets near $20 and $25.

Until that breakout is confirmed, caution is advised. The path forward could be volatile, with both bullish and bearish scenarios still valid. Support near $16 and $14 may help absorb any dips, but without a strong push past $18, LINK’s price could continue to move sideways.

For now, patience is the name of the game. Chainlink traders will be watching the charts closely in the coming days to see whether LINK finally breaks free—or retreats once again.