Chainlink (LINK) has surged 7% and broken above the key $16 resistance level, indicating a potential bullish breakout.Price structure of LINK shows higher highs and higher lows, reinforcing bullish momentum in the market.Trading volume of LINK is increasing alongside the price, showing growing investor interest in the cryptocurrency.Chainlink could potentially target $30 as it approaches the breakout point of a bullish wedge pattern, suggesting further uptrend possibilities.