The LINK price is starting to catch traders’ interest again, and honestly, it makes sense. After months of grinding lower, Chainlink is now sitting right near the bottom of a major macro range, and that’s usually where things start getting interesting.
Crypto expert Lucky summed up the mood perfectly with a simple question: is $LINK quietly getting ready for a comeback? And when you look at the charts, it’s not hard to see why that idea is floating around again.
- Monthly Chart Shows LINK Price Still Stuck in a Massive Range
- Daily Chart: LINK Price Is Sitting Right in a Demand Zone
- LINK Price Outlook: Quiet Setup or Something Bigger Brewing?
Monthly Chart Shows LINK Price Still Stuck in a Massive Range
On the monthly timeframe, the LINK price has basically been trapped in a huge consolidation zone for years now. The chart shows that impulse move into the 2021 peak, followed by a long stretch of sideways action where price has been capped inside a broad range.
Source: X/@Bitcoinsensus
The key detail is where LINK sits right now, near the lower end of that range. That’s important because these lower range zones are often where price compresses before the next major expansion phase begins.
Bitcoinsensus pointed out this same structure, calling it a macro consolidation that may be nearing its end. The idea is pretty simple: big impulse, long reset, then eventually the next wave higher once the range finally breaks.
Daily Chart: LINK Price Is Sitting Right in a Demand Zone
Zooming into the daily chart shared by Lucky, the LINK price is sitting inside a clear demand zone after months of downtrend pressure. That falling resistance line has controlled price for a long time, but now LINK is compressing right near support, which is usually where sellers start losing their grip.
Source: X/@LLuciano_BTC
The chart also highlights a breakout area above the downtrend line, and if the LINK price can reclaim momentum and push out of this base, the upside starts opening up quickly. The target zone on the chart stretches toward the $20–$27 region, which would be a full recovery move back into the upper structure.
Top Analyst Says Chainlink (LINK) Price Could 17x From Here – The $100 Chart Setup Explained_**
LINK Price Outlook: Quiet Setup or Something Bigger Brewing?
Right now, the LINK price is still in the “boring” phase of the cycle, that part where everything feels slow right before it stops being slow. Macro consolidation near range lows, compression on the daily chart, and a clear breakout trigger overhead are exactly the kind of setup traders like to spot early.
If LINK breaks out of its downtrend and starts reclaiming higher levels, this could turn into one of those comeback charts people only appreciate after the move is already gone. For now, Chainlink is sitting at a major decision point. And the next move could end up being a lot bigger than it looks today.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tom Lee says US stocks may have already hit bottom, and Bitmine is supporting the New York Stock Exchange main board listing with a 4 billion yuan backstop
Bitmine rose to the NYSE main board on April 13 and increased its share repurchase authorization from $1 billion to $4 billion to support its stock price. Chairman Tom Lee said that U.S. stocks may have already bottomed out because the Iran-Iraq ceasefire agreement eased geopolitical risks and because the fundamentals of ether (ETH) have improved. Bitmine holds about 4.8 million ETH, and each 1% increase brings roughly $100 million in asset appreciation.
MarketWhisper17m ago
Morpho Borrowers Paid $170M Interest. Aave Made More.
_Morpho borrowers paid $170M in interest over one year, Token Terminal data shows, outpacing Aave’s $140M revenue against a comparable $1.5B valuation._
DeFi lending is moving fast. And one protocol nobody was talking about two years ago just posted numbers that are turning heads across the
LiveBTCNews1h ago
BSC Chinese meme coins surge across the board, as CZ’s tweet sparks a “Crypto Summer” craze
On April 13, Chinese meme coins across the BSC chain rose across the board, led by “Binance Life,” with a weekly gain of up to 360% and an intraday increase of over 45%. CZ’s post sparked resonance with “Crypto Summer,” energizing sentiment across the entire sector. Although market sentiment has surged in the short term, the high volatility and liquidity risks of meme coins cannot be ignored, and investors need to be cautious.
MarketWhisper3h ago
Bittensor founder accuses former brother of betrayal; TAO’s sudden plunge sparks 9.1 million liquidations
Bittensor co-founder Jacob Steeves accuses Covenant AI’s Simon Dare of intentionally causing damage to the agreement, leading to a sharp drop in TAO tokens. Steeves proposes a locked-staking mechanism that uses on-chain code to enforce commitments and prevent founders from making sudden, surprise exits. Even as the crisis unfolds, Bittensor’s open-source architecture can still ensure the agreement continues to operate, and it is set to hold a meeting to introduce the new mechanism.
MarketWhisper3h ago
Bloomberg strategist Mike McGlone: a crypto bear market or at the early stage, with Bitcoin potentially falling back to $10k
Bloomberg strategist Mike McGlone says the crypto bear market may be in its early stages, and Bitcoin could fall to $10k. Even though Bitcoin ETFs have matched S&P 500 ETF returns, Bitcoin ETFs have higher volatility and the valuation of underlying assets that lack real support remains elevated.
GateNews4h ago
Why is Bitcoin down today? The U.S. military blocks the Strait of Hormuz, but Iran-U.S. talks end in failure
The U.S. imposes a naval blockade on Iran, causing the U.S.-Iran nuclear talks to fall apart. Market risk sentiment intensifies, and Bitcoin drops to $71,000, with a 24-hour decline of 3.1%. Traditional market capital flows into safe-haven assets, and analysts are divided on Bitcoin’s future trend, with $70,000 support acting as a key level.
MarketWhisper4h ago
