ChainLink (LINK) Price Prediction: Breakout May Push the Price Toward New Highs

After weeks of consolidation and moderate price fluctuations, recent analysis suggests the possibility of a breakout that may push LINK toward new highs.

After weeks of consolidating and moderate price action, recent analysis suggests that ChainLink (LINK) may be poised for a breakout that could propel the token toward new highs.

ChainLink Price Today:

As of June 12, 2025, LINK trades at $14.57, maintaining a market capitalization of approximately $9.6 billion and ranking #16 among global cryptocurrencies.

Analysts tracking LINK’s price action have highlighted the emergence of bullish technical structures, which, combined with fading bearish momentum and improving sentiment metrics, may signal a forthcoming upward movement. In contrast, the token has yet to break above major resistance zones; the technical landscape points toward growing strength beneath the surface.

Daily Chart Indicates Bullish Pennant Formation

One X post highlights that the price is currently testing a long-term descending trendline that has acted as resistance since the peak in late 2024.

ChainLink price prediction daily chart on X post

At present, LINK is priced at around $15.24 and remains just below this critical trendline. The asset has encountered repeated rejection at this level, forming a series of lower highs.

However, the price action has now compressed into a structure resembling a bullish pennant or descending triangle—both commonly associated with breakout potential.

Image: X

A key horizontal support zone between $10 and $11 has proven resilient during previous market declines, with each dip into this range followed by a rebound. This zone continues to serve as a base of accumulation.

The convergence of the descending resistance line with this horizontal support is forming a tight technical pattern that traders are monitoring closely. A decisive move above the descending trendline, particularly on high volume, would strengthen the case for a bullish breakout.

On a recent post, technical analyst Crypto Avi noted via an X post that LINK appeared to be attempting a breakout from the bullish pennant structure, suggesting the potential for a rally that could double the current price. Such formations often result in sharp price movements, though confirmation is generally sought through a volume surge or close above previous resistance levels.

ChainLink Price Prediction: Sentiment Divergence and Intraday Price Pressure

Despite LINK trading lower on June 11, ending the session at $14.59 with a 4.35% decline, the broader market response reveals additional layers of interest.

During the day, the token reached a high of $15.60 before reversing. This price trend followed a typical distribution pattern, with early gains fading into afternoon weakness.

This behavior is commonly linked to profit-taking or insufficient demand at higher levels. However, the lack of sharp follow-through selling suggests that traders remain engaged rather than exiting positions entirely.

Trading volume for the same period totaled approximately $548.2 million, reflecting a liquid market environment. The significant volume paired with declining prices typically points toward selling pressure, although the absence of a broader collapse implies a degree of underlying support.

This lack of follow-through selling despite early gains suggests that buyers may be returning to the market.

Social sentiment data adds further insight. Analyst Bebo shared via X that LINK’s sentiment score had dipped to -0.39, indicating a predominantly negative mood among market participants. However, he emphasized that the price had held firm despite the sentiment downturn, a scenario often interpreted as bullish divergence.

This divergence, where price remains stable or climbs while sentiment drops, can suggest that the market is absorbing negative sentiment without breaking down, often signaling hidden accumulation or a shift in control from sellers to buyers. If sentiment stabilizes and reverses alongside a price breakout, a stronger upward move could materialize.

Weekly Indicators Show Momentum Shift Developing

Zooming to the weekly chart for LINK price prediction adds a broader perspective to the current setup. LINK is trading in a range between $10.10 and $15.00 and has posted a 6.12% gain for the week ending June 12, 2025.

The chart highlights a key resistance level near $19.53 that has historically capped upward movement. Multiple weeks of consolidation suggest a possible base formation, with the recent green candle indicating buying interest returning to the market.

Source: TradingView

Technical indicators support the notion of a potential trend shift. The MACD remains below the zero line, with the MACD line at -0.68 and the signal line at -0.60. However, the histogram is printing light red bars near zero, implying that bearish momentum is fading and a crossover may occur. This development is often viewed as a precursor to upward price action, especially if accompanied by increased volume and a move above resistance.

The Chaikin Money Flow (CMF) currently sits at -0.11, reflecting mild selling pressure. Still, the indicator is flattening, suggesting that distribution may be slowing. Should the CMF cross into positive territory in the coming weeks, it would further support the