- LINK maintains higher lows since August, keeping the broader bullish trend intact.
- Institutional inflows and ecosystem growth continue supporting long-term market confidence.
- Analysts see a five-year triangle breakout targeting $67 after resistance clears.
Chainlink — LINK, has spent recent weeks testing investors’ patience. After climbing above $15 in late September, LINK slipped back toward the mid-$13 range. While that pullback cooled excitement, the broader trend remains intact. Price action still shows higher lows since August, and several analysts believe a much bigger move could be developing. One chart pattern, in particular, has caught attention because a breakout could signal a major shift in LINK’s long-term trajectory.
LINK Holds Key Support While Bulls Eye a Break Above $15
LINK opened around $13.86 on October 6 and reached an intraday high near $13.92. Trading remained relatively quiet, yet the larger trend continues to favor buyers. The recovery that began in August transformed market structure. LINK traded near $8 during that period before starting a steady climb. Since then, buyers have repeatedly stepped in during dips, creating a series of higher lows that often signal growing strength.
That advance pushed Chainlink through the important $10 to $11 region. Price later challenged resistance between $14.50 and $15.00, an area that now serves as the market’s biggest hurdle. A clean daily close above $15 would strengthen the bullish case. Such a move could attract fresh buying interest and increase the chances of a run toward $16.
Support remains firmly established near the low-$13 range. The rising trend line from August continues to provide a safety net during periods of weakness. Below that level, the zone between $10.30 and $10.80 remains a major support area. Buyers previously defended that region before the August breakout.
A Five-Year Triangle Pattern Points to a Much Higher Target
Beyond short-term chart action, Chainlink continues to expand across the blockchain ecosystem. Recent developments may help support long-term demand. Chainlink introduced CCIP 2.0, a major upgrade focused on cross-chain functionality. The update includes Cross-Chain Verifiers, which allow institutions to add extra verification layers during transfers.
Faster-than-finality transfers also give users greater flexibility over transaction speed and confirmation preferences. The project’s reach continues to grow as well. Data Feeds recently launched on Stellar, while Arc mainnet added support for CCIP during September. These expansions strengthen Chainlink’s position within the broader blockchain infrastructure market. Institutional interest has also remained healthy.
Bitwise’s U.S. Chainlink ETF has attracted roughly $47 million in cumulative net inflows. Around $14 million arrived during the past month. Notably, the fund avoided any outflow days during that period. Combined holdings across the two tracked U.S. Chainlink funds reached approximately $235 million as of October 5. Those assets represent roughly 17 million LINK.
