LINK ready to break $20, Chainlink’s bullish breakout a strong signal for Altseason 2025?

Jakarta, Pintu News – Chainlink LINK->Current LINK PriceRp 0Market CapRp 277,1 TriliunTrading VolumeRp 32,9 TriliunCirculating SupplyRp 626.849.971, one of the most popular crypto assets, has stolen the spotlight again after showing a bullish price movement pattern. Since early February 2025, LINK has been moving in a descending parallel channel pattern on the four-hour time frame.

But now, the coin has broken the pattern and maintains important support at 247,708 IDR ($15.15). Analysts believe that Chainlink is eyeing the next big target at 326,820 IDR ($20), which is also an important psychological threshold for traders and investors.

Check out the full analysis here!

Breakout from Pressure Pattern: LINK Headed for Significant Upside?

In technical analysis, a breakout from a descending channel pattern is often the first signal of a strong uptrend. Chainlink (LINK) has successfully broken out of the upper limit of the channel, indicating that selling pressure is starting to ease and buying momentum is beginning to dominate.

In addition, LINK’s price has also broken the 200 Exponential Moving Average (EMA), an important indicator signaling a trend reversal from bearish to bullish. If this trend continues, the next short-term target is around 315,558 IDR ($19.30).

This level is predicted to be crucial because the opening and closing prices in the area have been recorded several times. However, the main target remains at $20, equivalent to 326,820 IDR, which is psychologically a “mental peak” for market participants.

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On-Chain Data Strengthens LINK’s Bullish Scenario

On-chain data supports the narrative that LINK is in an upward phase, not only from the technical side.

According to analytics firm Santiment, LINK’s social dominance reached its highest level recently, indicating increased community attention and discussion towards this coin. Usually, this kind of increased social interest is a positive catalyst that pushes the price further.

In addition, development data from the Chainlink network shows the busiest developer activity since early March 2025. This is a strong signal that the LINK ecosystem is actively developing, increasing investor confidence in the project’s long-term prospects.

Not only that, but the supply of LINK on crypto exchanges has also decreased, which could mean that whales are starting to withdraw their assets from the market and preparing to hold or accumulate more. All of these indicators seem to suggest that buying pressure will continue to increase.

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What Makes LINK Strong Amidst Market Volatility?

One of Chainlink’s strengths is its vital function in the global blockchain ecosystem, specifically providing trusted data oracles for smart contracts. Amid volatile crypto markets, projects with real utility like LINK are more resilient to macroeconomic pressures.

It’s no wonder that institutional and retail investors are still keenly interested in this asset. Coupled with solid technical and on-chain conditions, LINK has a strong foundation to experience a major price surge in the near future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crypto Times. Chainlink (LINK) Targets $20 with a Bullish Breakout. Accessed March 27, 2025.
• Featured Image: The Block