COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- The recent price activity of Chainlink (LINK) has caught investors’ attention as it rebounds from the $12.2 support level.
- The link coin’s price movement is characterized by an inverted head and shoulders pattern alongside a falling wedge formation, both indicating potential bullish trends.
- Trading volumes have surged, with intraday trades reaching $328 million, marking a substantial 43% increase.
Gain insights into Chainlink’s recent price movements and potential future trends. Discover how technical patterns and trading volumes hint at a possible price breakout.
Chainlink: Bullish Reversal Indicators in Play
Amid the July market recovery, Chainlink (LINK) has shown significant price rebound from its $12.2 support level, marking an 18.45% increase to reach $14.4. This price action is underscored by technical patterns suggesting a bullish trend reversal. The inverted head and shoulders pattern observed on the 4-hour chart signifies a potential bottom formation, indicating a bullish breakout once the neckline resistance at $14.7 is surpassed.
Technical Patterns Reinforcing Bullish Outlook
The falling wedge formation further highlights the trend reversal potential. This pattern is often seen as a bullish indicator, pointing toward the maturity of the existing downtrend and the start of an upward movement. The convergence of the 100-and-200-day EMAs at the $14.7 mark creates a pivotal supply zone. A successful breakout from this level could see LINK price rally by an additional 12% before facing the next major resistance level.
Market Dynamics and Trading Volumes
Over the past weekend, the crypto market experienced low volatility, with Bitcoin forming a neutral candle. This stabilization phase has been reflected in the sideways trading action of major altcoins, including Chainlink. Despite the temporary consolidation, the considerable intraday trading volume of $328 million, showing a 43% increase, signals strong investor interest and activity. This uptick in trading volume is an important indicator of growing market confidence in the potential bullish trend continuation.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
Support and Resistance Levels
The $12.2 support level has remained robust since January, aligning with the 38.2% Fibonacci retracement level and the 200-week EMA. This convergence creates a high accumulation zone, further solidifying the support level. If the LINK price can hold above this zone and break through the $14.7 resistance, it would signify a true bullish reversal. However, persistent overhead supply pressure could lead to a retest of the $12.2 support, making it a crucial level to watch for any further corrections.
Conclusion
Chainlink’s recent price movement suggests a potential bullish reversal, supported by technical patterns and significant trading volumes. The inverted head and shoulders and falling wedge patterns point toward an impending breakout, with the $14.7 resistance level being a critical threshold. Investors should monitor these key levels closely, as a successful breakout could lead to further price increases, while failure to do so might result in additional corrections. Overall, the current market dynamics and technical indicators favor a cautiously optimistic outlook for Chainlink.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |