bullish

Resistance

Chainlink

would

LINKUSD

<p>Chainlink (LINK) price gained attention as its action moved above key resistance levels. Recent technical patterns suggested a possible continuation toward the $16.00 mark, supported by momentum on both USD and BTC trading pairs.</p><h2 class="wp-block-heading" id="h-chainlink-price-breaks-out-of-an-ascending-channel"><strong>Chainlink Price Breaks Out of an Ascending Channel</strong></h2><p>Notably, Chainlink price breakout from an ascending channel has raised expectations of further upside.</p><p>According to analysts, on the 2-hour chart, LINK moved decisively through upper channel resistance near $13.90 and is now trading around $14.14. The breakout was accompanied by higher trading volumes.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="845" height="353" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/07/image-404.png" alt="" class="wp-image-1411892"><figcaption class="wp-element-caption"> Chainlink Price 2-Hour Chart Source: Cryptojobs3 </figcaption></figure></div><p>In addition, technical projections showed that Chainlink price may surge toward the $15.70–$16.00 zone.</p><p>This aligns with historical resistance levels observed in April. The analyst noted that the top altcoin remained confined in a small range over the past few days.</p><p>Besides, the ascending channel had worked as a continuation pattern previously. As a result, a breakout of the trend added weight to the possibility of a rally.</p><p>Chainlink price channel support between $13.30 and $13.60 has been tested several times and has remained intact. The reliability of this pattern has been confirmed through this price action.</p><h2 class="wp-block-heading" id="h-14-40-resistance-is-a-bullish-trigger-for-link-price"><strong>$14.40 Resistance is a Bullish Trigger</strong><strong>for LINK Price</strong></h2><p>Another analyst, CryptoWZRD, noted that Chainlink price $14.40 resistance zone represents a crucial level.</p><p>According to his daily technical outlook, a close above $14.40 would place Chainlink price in bullish territory, increasing the likelihood of a push toward $16.00 and above.</p><div class="wp-block-image"><figure class="aligncenter size-large"><img width="1024" height="518" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/07/image-403-1024x518.png" alt="" class="wp-image-1411886"><figcaption class="wp-element-caption"> Chainlink Price Chart Source: CryptoWZRD/X </figcaption></figure></div><p>More so, that same analysis also showed that LINK ended the previous daily candle on a strong note.</p><p>Consequently, this pointed to a continuation of subsequent moves provided Chainlink price held onto its gains above the $14.40 mark.</p><p>Intriguingly, this was a rejection level in several prior sessions, and a clear indication of strength in the immediate trend.</p><p>The intraday chart showed consolidation near this threshold, implying the market is waiting for confirmation before initiating new positions.</p><h2 class="wp-block-heading" id="h-linkbtc-breakout-adds-bullish-strength"><strong>LINKBTC Breakout Adds Bullish Strength</strong></h2><p>In addition to Chainlink price movement on USD pairs, the LINKBTC chart has shown a breakout above a long-term descending trend line.</p><p>This trend line had previously limited the LINK performance against Bitcoin over the past months. A clear break above it may be an indicator of improved relative strength.</p><p>CryptoWZRD pointed out that LINKBTC closed bullish after several months of lower highs. According to the analyst, this development was a notable change in the technical state of LINK and implied that the crypto was gaining market share over Bitcoin.</p><p>In the past, such activities in LINKBTC have been followed by prolonged rallies in LINKUSD. A continued rise in the LINKBTC pair would reinforce demand and help maintain the upward push in LINKUSD.</p><p>It may signal that the altcoin was benefiting from <a href="https://www.thecoinrepublic.com/2025/07/04/chainlink-whales-stack-85m-link-amid-retail-cooling-will-price-catch-up/" rel="noopener noreferrer nofollow">renewed investor interest</a> in altcoins, especially as Bitcoin dominance begins to stabilize.</p><p>According to the analyst, if the LINKBTC pair sustains above the trend line, the probability of the LINKUSD pair reaching $16.00 increases further.</p><h2 class="wp-block-heading" id="h-chainlink-derivatives-surge-as-volume-and-longs-increase"><strong>Chainlink Derivatives Surge as Volume and Longs Increase</strong></h2><p>Meanwhile, Chainlink derivatives data indicated a 54% gain in volume to $982.58 million as well as an open interest gain of 14.50%.</p><p>The long/short ratio in exchanges held levels higher than 1.0, indicating an <a href="https://www.thecoinrepublic.com/2025/06/22/chainlink-price-may-see-recovery-after-recent-historically-significant-move/" rel="noopener noreferrer nofollow">increasing bullish sentiment</a> of traders, particularly on Binance and OKX.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="860" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/07/image-402.png" alt="" class="wp-image-1411880"><figcaption class="wp-element-caption"> Chainlink Derivatives Data Source: CoinGlass </figcaption></figure></div><p>Additionally, top trader metrics signaled greater long positioning: Binance had a ratio of 2.5199 in long/short accounts and 1.4742 in the position-based ratio.</p><p>Liquidation was mostly short-biased with the wiping of 724.63K in the last 24 hours. This further fueled Chainlink price upward momentum towards the $16 level.</p><p>The post <a href="https://www.thecoinrepublic.com/2025/07/10/chainlink-price-prediction-path-to-bullish-breakout-16-soon/" rel="noopener noreferrer nofollow">Chainlink Price Prediction: Path To Bullish Breakout, $16 Soon?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Chainlink Price Prediction: Path To Bullish Breakout, $16 Soon?

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