Chainlink’s token, LINK, is attracting attention from crypto traders who are eyeing a potential breakout above the $25 resistance level. An Elliott Wave analysis by More Crypto Online suggests that a decisive move above this threshold could propel LINK to its long-term target of $47. This optimistic forecast aligns with current market trends and has ignited buzz in the cryptocurrency community. The analysis, based on a fifth wave pattern observed in charts, paints a bullish picture for LINK. 26.9% weekly gains have propelled Chainlink’s price above the broader crypto market’s 4.60% increase, according to CoinGecko data. TradingView technical indicators also suggest a buy signal, further bolstering this bullish sentiment. Key support levels are around $20 and crucial resistance near $25. A breakout above these levels could amplify trading volume and investor interest.