Chainlink $LINK at $15–$14: Can Bulls Push It Toward $46 Next?

Analysts are projecting potential recovery targets between $27 and $46 if momentum is sustained.

Trading volumes surged, indicating strong market participation and possible accumulation during the correction phase.

The ACE ecosystem added 20+ compliance partners, advancing Chainlink’s role in providing integrated Onchain monitoring and reporting solutions across blockchain networks.

Chainlink $LINK is testing the crucial $15–$14 support, holding this zone could set the stage for a potential rally toward $27–$46 in coming sessions.Traders are keenly watching these key levels for confirmation.

Technical Outlook Points to Key Support Levels

Despite recent losses the LINK/USDT chart shows an ascending channel, indicating a long-term bullish trend. Analyst Ali Charts highlighted the $15–$14 range as a crucial support zone which if held prices could rise toward $27–$46. Currently LINK is accumulating near the 0.618 Fibonacci level at $15.07.

Support is around $12.28 (0.5 Fib) and $10.00 (0.382 Fib), if LINK manages to bounce from this zone momentum could push the price toward the 0.786 Fibonacci level at$20.17

If the price tests the top of the channel, potential targets could reach $29.25 and $46.92, a potential 180–200% from current levels.

Volume Data Reflects Strong Market Participation

Data from DeFiLlama shows that Chainlink’s trading volume has fluctuated between $300 million and $1.4 billion in recent days suggesting heightened market activity and speculative engagement.

This resurgence signals consistent trader interest during the market correction, supporting the possibility of accumulation at current price levels.

Such volume behavior often accompanies consolidation phases in bullish technical structures. If high trading activity continues, it could reinforce market liquidity and provide the foundation for a price recovery within the established ascending channel.

Chainlink Expands Its Automated Compliance Ecosystem

Chainlink introduced updates to its Automated Compliance Engine (ACE) partner ecosystem. The network now includes over 20 compliance providers, frameworks, and regulators collaborating to enhance On chain monitoring and reporting.

These partners are connecting their data and services directly with Chainlink’s ACE system, making it work smoothly across different decentralized applications. The goal is to provide a single, clear approach to regulatory compliance for blockchain networks.

By expanding the ACE ecosystem, Chainlink strengthens its role as a reliable provider of compliance tools in the growing digital asset space. This effort helps the project promote secure, transparent, and compliant blockchain connections.

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