LINK Builds Base Over 1,100 Days as Analysts Target $61.60, This Pattern Could Define the Next Move

LINK forms a 1,100-day base with targets at $31.60, $46.35, and $61.60 based on long-term structure.

Price respects June 2023 trendline as buyers defend support near $13 despite low trading volume.

$15.30 breakout level is in focus while indicators signal reduced selling pressure in recent sessions.

Chainlink (LINK) has remained in a prolonged consolidation phase, building a base that now spans over 1,100 days. Technical analysts note that the asset has completed 518 days of accumulation below a key zone and 602 days of re-accumulation above it. This structure suggests LINK may be undervalued for mid to long-term investors.

Long-Term Pattern Points to Breakout Potential

According to analysis prepared by crypto analyst Alex Clay, LINK has formed an Accumulation Cylinder, a pattern where price consolidates within an expanding, upward-sloping structure. This setup reflects base-building behavior typically observed before major price movements. The structure also mirrors historical accumulation seen in previous market cycles.

Clay identified three primary targets for LINK based on this formation. The first target is $31.60, which matches a previous rejection level. The second is $46.35, which marks a major supply zone from earlier distribution phases. The third is $61.60, which aligns with earlier cycle highs. These targets suggest room for long-term upside if LINK maintains its structural pattern and breaks key resistance levels.

Source: CryptoClaws(X)

Further supporting this view, LINK has respected a year-long trendline that has been defended since June 2023. According to an observation by Crypto Claws, the asset has seen consistent support at this level, showing that buyers continue to step in during periods of weakness.

Technicals Suggest Continued Buyer Activity

Between July 4 and July 5, 2025, LINK’s price showed a V-shaped intraday pattern. The asset dipped to $13.05 and quickly recovered to $13.67, signaling buyer interest at local support

However, trading volume remained low at $321.81 million, which indicates that confidence among short-term traders is still limited. On the daily chart, LINK closed at $13.22, slightly lower by 3.29%

The $12.50 zone has held firm through multiple tests. Analysts now watch the $15.30 level for a possible breakout confirmation. Indicators like the Chaikin Money Flow and Bull-Bear Power remain neutral but hint at reduced selling pressure. Chainlink is currently trading at $13.43.

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