- Chainlink (LINK) has gained 7% since early April and is showing bullish signals, with analysts eyeing a potential climb toward $45.
- Technical indicators like the cup and handle pattern suggest a possible breakout, especially if LINK can push above the $15.30–$15.50 resistance zone.
- Analysts predict short-term targets of $18–$19, but caution a possible correction back to $10.12 later in May, highlighting continued volatility.
Chainlink (LINK) has been quietly making moves lately. After a kind of sluggish start earlier this year, the altcoin’s managed to claw its way up around 7% since April kicked off. It’s not blowing up headlines like it did back in the day, but the signs? They’re starting to look pretty bullish. Some analysts are even floating the idea that LINK could make a run back toward the $45 mark. Yep, that’s not a typo.
Cup, Handle, and Some Hope
So, what’s going on with the charts? Turns out, LINK’s shaping up a textbook cup and handle pattern — one of those classic bullish signals you see in technical analysis playbooks. It usually means the coin’s just taking a breather before it climbs again.
Right now, LINK’s teasing a move past the $15.30 to $15.50 zone. That’s the resistance area folks are watching like hawks. If it breaks through cleanly? Boom — we might be looking at a push toward $40, maybe even $45 if momentum holds. For the record, Chainlink’s all-time high was $52.88 back in 2021. So it’s not impossible, just… ambitious.
Before the Lift-Off — A Quick Dip?
AMCrypoAlex, a market analyst on X (yeah, formerly Twitter), thinks LINK could dip to retest the $13.80 to $14.00 range before heading higher. According to him, a bounce from that level could give it the boost needed to test $18 or even $19. That lines up nicely with the cup and handle projection, by the way.
Then there’s CoinCodex — they’re predicting LINK crosses $17 by May 5 and maybe hits $19.49 on the 11th. If that happens, we’re talking a 30%+ pump. Pretty solid stuff… but hold up, there’s a twist.
The Pullback Nobody Wants
CoinCodex also dropped a bit of cold water on the party. They think LINK won’t hold that $19 level for long and could actually retrace all the way back to around $10.12 by May 24. That’s a nasty 32% drop from where we are now. So yeah, it’s not all sunshine and gains — volatility’s still very much on the table.
