Chainlink’s Double Bottom Pattern Signals Potential Surge Toward $16 and $20 Resistance Levels

Chainlink isn't just bouncing—it's building a launchpad. A classic double bottom formation on the charts suggests the oracle network might be gearing up for a serious run at key resistance levels.

The Technical Setup

For traders glued to their screens, the pattern is clear. That double bottom isn't just a pretty shape; it's a story of rejection. The price hit a level, got slapped down, tried again, and found enough buying pressure to stage a comeback. Now, all eyes are on the overhead barriers. The first major test sits at $16. Clear that, and the $20 zone becomes the next logical target—a level that could either become a springboard or a ceiling.

Market Mechanics in Play

This isn't about hype. It's about structure. Resistance levels act like price magnets; they attract attention and trading volume. A breakout above $16 would signal that the bears have lost their grip, potentially inviting a flood of momentum buyers who've been waiting on the sidelines. Failure, however, could see the asset retest its recent lows—because in crypto, what goes up must often come down and shake out a few weak hands first.

The Bigger Picture for LINK

Beyond the lines on a chart, the move speaks to underlying sentiment. Chainlink's core utility—bridging real-world data to blockchains—remains its bedrock. A price surge would reflect growing confidence not just in the token, but in the broader need for reliable oracles as DeFi and other on-chain applications mature. Of course, in a market where a celebrity tweet can move prices more than a fundamental breakthrough, a dose of skepticism is always warranted. After all, sometimes a chart pattern is just a chart pattern until it isn't.

The path ahead is defined. $16 and $20 are the numbers to watch. Whether LINK has the fuel to reach them will depend on whether the market decides to reward technicals—or just another narrative. Get ready for volatility; the only thing predictable here is the unpredictability.

Chainlink Shows Strong Uptrend Momentum

Crypto analyst CRYPTOWZRD pointed out that LINK ended the day strongly in the positive range and that LINK/BTC’s upward trend continues strongly and may push further upwards. “Tomorrow I will keep track of the intraday chart and look out for the next quick trading spot,” explained the analyst.

Both the daily candles of LINK/USD and the LINK/BTC pair were positive, and LINK/BTC seems dominant. However, if there’s a breakout above the trend line of the lower high, there could be immediate access towards $16.00 and subsequently towards the next strong resistance level of $20.00.

Meanwhile, $12.50 has emerged as strong support in the LINK/USD market. Investors are currently analyzing lower time frame charts in order to identify opportunities through pattern analysis based on the overall trend in Bitcoin markets.

Chainlink Intraday Charts Signal Breakout

The intraday levels depicted high volatility with overall bullish tendencies. LINK needs to maintain above $13.50 in order to reach the target resistance level of $15.20. But if this level gets broken, there may be a possibility of a false breakout, and the levels may stay lateral for some time. Bitcoin’s actions WOULD again play an important part in LINK’s next substantial push.

At the time of writing, chainlink (LINK) is trading at $14.41, with a 24-hour trading volume of $1.76 billion and a market capitalization of $10.05 billion. The LINK has seen an impressive 19.04% increase over the last 24 hours, signaling renewed interest from investors.

Chainlink Forms Strong Double Bottom

Adding more fuel to this optimism, CryptoPulse pointed out that LINK forms a double bottom pattern around $12. This region functioned as a liquidity sweep that cleared out the weaker positions. This resulted in bigger investors entering the market, as evident from the significant buys seen in the next day’s trading session.

However, in terms of market structure evolution, the most important thing is being patient and waiting for high-probability entry levels. Once there’s confirmation from the charts, there’s no need to act reactively.

For those in favor of keeping things simple when it comes to trading, there are platforms such as Bitunix and the involvement of the partnered broker that would be able to support trading.