Chainlink Rebounds Near $12 as Broadening Wedge Pattern Points to $48 by 2026

LINK rebounds near $12 inside a wedge, aiming toward $48 resistance in 2026.

Trendline from $2.56 remains unbroken, confirming long-term price strength.

Volume surged during the breakout past $10, reinforcing bullish market structure.

Chainlink ($LINK) continues to trade within a structurally bullish pattern, holding above long-term trend support despite recent pullbacks. A broadening wedge on the weekly timeframe and an intact ascending trendline on the daily chart highlight the token’s resilience across multiple timeframes.

Weekly wedge structure signals bullish continuation for $LINK.

A recent assessment from Bitcoinsensus highlighted a broadening wedge formation stretching from late 2023 through 2026, with $LINK charting higher highs and lower lows across weekly candles

Source: Bitcoinsensus

Bitcoinsensus pointed out a critical shift in trend as the price rebounded near $12, forming a higher low inside the wedge and approaching a key support region. Tracking market behavior, the wedge upper resistance aligns with previous peaks near $35, with the structure forecasting a potential move toward $48.

Analyzing liquidity shifts, the lower boundary has captured prior selloff zones, including the projected $9.30 area, acting as a possible final retest point. Mid-line interaction remains consistent, serving as a pivot zone where price often consolidates before major directional moves. The chart outlines dotted path projections showing a potential bullish trajectory through resistance levels at $27 and $35 before targeting the wedge top.

The wedge’s long-term shape reflects expanding volatility, with candle formations alternating between strong rallies and corrections. Observing Bitcoin’s price action within this pattern, each swing has respected the wedge boundaries, confirming structural integrity without a breakout. The upper boundary remains the final resistance, with $48 representing the long-term price objective.

Bullish trendline holds as $LINK prints higher lows.

According to TradingView analysis, $LINK continues to respect a rising trendline that originated at $2.56, confirming a long-term bullish structure. Examining trading volume fluctuations, the breakout in late 2024 saw a sharp increase in participation as the price rallied from sub-$10 levels to a local high near $29.33. Following the rally, a steep pullback led to a successful trendline retest at $9.58, which formed a higher low and preserved the uptrend.

Source: CoinMarketCap

Observing Chainlink’s price action, the most recent recovery from $12.05 maintains the higher low sequence. The ascending trendline remains unbroken, while resistance zones at $10 and $29.33 serve as key areas to watch during any future advances. The combination of price respecting both dynamic support and volume-confirmed breakouts reinforces the ongoing bullish continuation.

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