Can LINK Price Falling Wedge Breakout Target Levels Beyond $30?

The post Can LINK Price Falling Wedge Breakout Target Levels Beyond $30? appeared first on Coinpedia Fintech News

The Chainlink ecosystem is currently showing signs of a major market turning point, with technical structures aligning perfectly with powerful on-chain metrics. The prevailing sentiment across several key indicators suggests that the heavy selling pressure may be bottoming out, setting the stage for a near-term rally. This technical and fundamental confluence is critical for assessing the immediate future of the LINK price.

The Technical Setup: Diagonal Support Holds Firm

Market observers have noted that the recent price action saw a precise contact with a long-standing diagonal trendline, which coincided directly with a crucial local demand area.

[ $LINK ]
Another alt that touched it's diagonal at the same time as the local demand area.

This looks good for a bounce. If it's a full-on reversal will be determined if it can get over the first resistance. pic.twitter.com/3Z5FucKyc6

— Osemka (@Osemka8) November 18, 2025

This simultaneous touch of two major support zones creates a high-probability setup for a bounce. LINK price today is therefore at a critical juncture; a successful rebound from this level would validate the strength of the underlying technical structure. 

$LINK holding well and ready to pump! pic.twitter.com/d1LhUlQvnV

— Don (@DonaldsTrades) November 18, 2025

Furthermore, the market is currently experiencing the compression typical of a falling wedge pattern, according to other analyses. A confirmed breakout from this falling wedge could target levels well beyond the $30 mark, confirming a significant shift in market control.

On-Chain Sentiment Confirms Bottoming Process

While technical charts provide the roadmap, on-chain data offers a glimpse into trader psychology and value. Santiment’s 30-day MVRV (Market Value to Realized Value) ratio shows that the asset has entered “Extreme Buy Zones.” 

This zone is historically significant because it indicates that the losses realized by traders have crossed into territory previously seen only at major historical bottoms.