Today, March 26, 2025, Chainlink's native token, LINK, gained massive attention on social media following the formation of a bullish price pattern

Since the beginning of February 2025, the altcoin has been moving within a descending parallel channel. However, with today's price surge, it has broken out of this prolonged bearish trend.

The price of Chainlink (LINK) has been gaining plenty of attention on social media today, March 26, following the formation of a bullish price pattern on the four-hour timeframe.

Since the beginning of February 2025, the altcoin has been moving within a descending parallel channel, but with today’s price surge, it has broken out of this prolonged bearish trend.

Chainlink (LINK) Price Action and Upcoming Levels

According to CoinPedia’s technical analysis, LINK now appears bullish as it has officially broken out of the descending channel pattern, where it previously experienced price declines.

Moreover, it has also overcome resistance from the 200 Exponential Moving Average (EMA) on the four-hour timeframe.

If LINK manages to maintain support at $15.15, it could potentially rally 25% to hit $19.30 in the coming days, considering recent price action and historical patterns.

At present, the altcoin is consolidating within a tight range, which could indicate preparation for an upside rally.

Chainlink (LINK) is currently trading at $15.30.

Link Price Today - Chart From CoinPedia

On-Chain Metrics Are Looking Bullish

Aside from the bullish price action, on-chain metrics also support this positive outlook. Data from the on-chain analytics firm, Santiment, shows that LINK’s social dominance is at its highest level in recent weeks, which signals a bullish trend for the token.

“At +65% over the past 30 days, Chainlink is the most talked-about crypto amongst social media. Meanwhile, development activity has also reached its highest level since early March.”

Furthermore, Chainlink’s development activity has reached its peak since the beginning of March 2025, which is another bullish sign.

Additionally, LINK’s supply on exchanges has dropped, suggesting that whales and investors are accumulating or withdrawing the asset.

When considering all these on-chain metrics, it appears that the bulls are back and could support LINK’s future gains.