Chainlink Breakout Signals 200% Surge—Can LINK Reach New Highs?

• Chainlink breakout signals a 200% surge if LINK surpasses key resistance at $18.
• Strong accumulation at $14.60 suggests growing investor confidence and bullish momentum.
• Partnership with ADGM boosts adoption, strengthening Chainlink’s role in asset tokenization.

Chainlink’s LINK token is poised for a potential breakout. A bullish flag pattern on the charts suggests prices could soar by 200%. But before that happens, LINK needs to break past a key resistance level. The buying pressure is building, and momentum is shifting in favor of the bulls. If a breakout happens, LINK could skyrocket, opening up new opportunities for investors.

Buying Pressure Builds as LINK Holds Key Support

Adding to the excitement, Chainlink’s latest partnership with Abu Dhabi Global Market has boosted confidence in its long-term growth. This collaboration strengthens Chainlink’s role in asset tokenization and financial innovation. With strong fundamentals and a bullish technical setup, will LINK smash through resistance and hit new highs, or will sellers step in to stop the rally?

Over the past week, LINK has steadily climbed to $15.5 , pushing its market cap past $10 billion. Crypto analyst CW has pointed out a bullish flag pattern forming on the daily chart, signaling a strong uptrend. The $12 support level has held firm, giving traders confidence that the rally could continue. Now, all eyes are on the $18 resistance level. If LINK breaks through, analysts predict a sharp run-up to $44.

On-chain data from IntoTheBlock shows big investors are accumulating LINK at $14.60. More than 90 million LINK tokens have been scooped up by 20,000 wallets, signaling strong demand. Buyers are also active in the $15.56 to $17.63 range, suggesting that traders are positioning for a major breakout. If LINK can crack the $18 resistance level, it could trigger a flood of buying activity. A breakout at this level would likely set off a rapid surge, potentially pushing LINK toward its next major target.

Abu Dhabi Partnership Fuels Optimism

Beyond the technicals, Chainlink’s partnership with Abu Dhabi Global Market is adding fuel to the bullish case. ADGM is a major financial hub focused on regulating digital assets, and this collaboration aims to accelerate blockchain adoption in finance. Under the deal, ADGM will oversee asset tokenization efforts, ensuring regulatory compliance and security.

Chainlink, on the other hand, will provide its blockchain infrastructure to power these digital transactions. This partnership is a big win for Chainlink, as it strengthens its foothold in institutional finance. Investors see it as a major growth driver, and it’s reinforcing bullish sentiment in the market. As a result, many traders believe that a breakout past $18 is just around the corner.

Everything is lining up for LINK, but the breakout isn’t confirmed just yet. The bullish setup looks promising, and momentum is on the rise, but resistance at $18 remains a challenge. If LINK fails to push through, it could face a temporary pullback before attempting another breakout.