Chainlink (LINK) and Uniswap (UNI) are showing strikingly similar price structures, with both tokens attempting to recover within ascending channels after prolonged downtrends. As the broader market stabilises, these altcoins are beginning to build momentum near key resistance zones.
With both tokens holding above crucial support levels and forming higher lows, traders are now watching for a potential breakout. The key question remains: can the prices of LINK and UNI sustain this structure and push toward the $10 milestone in Q2?
Chainlink (LINK) Price Analysis
The Chainlink price is currently trading within a rising channel after a sharp decline earlier this year, indicating a gradual recovery phase. The price is holding near the $8.5–$8.8 zone, which now acts as immediate support, while the structure continues to print higher lows.
The next major resistance lies around $10, followed by a stronger supply zone near $12. A breakout above the channel resistance could accelerate momentum toward these levels. On the indicator side, the DMI is heading for a bullish crossover, while CMF is attempting to recover from negative territory, hinting at improving capital inflows. However, the momentum remains moderate, suggesting that a confirmed breakout is still needed for trend continuation.
Key Levels:
- Support: $8.5
- Resistance: $10 → $12
Uniswap (UNI) Price Analysis
The Uniswap price is mirroring a similar structure, trading within a rising channel while attempting to recover from its recent lows. The price is currently hovering near the $3.5 range, holding above the lower boundary of the channel and forming a base.
The immediate resistance lies near $4, with a stronger barrier around $5.6. A breakout above these levels could open the path toward higher targets in the coming weeks. From an indicator perspective, DMI, similar to LINK is heading for a bullish crossover, while CMF remains slightly negative but is heading towards the threshold. This keeps UNI slightly weaker compared to LINK in terms of momentum, but the buying pressure is building.
Key Levels:
- Support: $3.2–$3.4
- Resistance: $4 → $5.6
Conclusion — Can LINK & UNI Reach $10 in Q2?
Both Chainlink and Uniswap are showing early signs of recovery, with similar ascending channel structures suggesting a potential continuation of the uptrend. In the short term, the setups remain constructive as long as key support levels hold.
However, the path to $10 differs significantly for both tokens. The LINK price appears closer to the target and may achieve it if it breaks above immediate resistance. In contrast, UNI price still requires multiple breakout confirmations before approaching the same level.