- Chainlink (LINK) surged 6% today but retraced amid fears over Trump’s tariff announcement, yet analysts predict a 35% rally if it breaks key resistance.
- A symmetrical triangle pattern signals a potential breakout to $21, supported by rising trading volume and bullish market sentiment. 🚀
Key Highlights:
✅ Chainlink (LINK) price surged 6% today before retracing.
✅ Investors fear volatility from Donald Trump’s tariff announcement.
✅ Analysts predict a 35% breakout if key resistance is broken.
✅ A symmetrical triangle pattern signals a bullish breakout.
LINK’s Price Action: Volatility Takes Center Stage
Chainlink (LINK) has been on a rollercoaster ride, mirroring the broader crypto market’s volatility. Earlier today, the altcoin surged 6% to hit $14.36, before retracing amid renewed market jitters over potential U.S. tariff policies under Donald Trump’s anticipated statements.
Despite the brief pullback, LINK remains a focal point for investors as on-chain data shows increased accumulation. The token is currently trading at $13.65 with a market capitalization of $8.96 billion, signaling sustained investor interest despite short-term corrections.
Why a 35% Rally Could Be Next for Chainlink
According to market analysts, Chainlink is forming a symmetrical triangle pattern on the daily chart—a well-known bullish indicator. If this formation plays out, LINK could see a breakout rally of 35%, potentially reaching the $21 mark in the coming days.
Also read: Crypto Wealth Surge: 16 Digital Asset Billionaires Make Forbes 2025 List
Technical Indicators Favor a Bullish Breakout
📈 Symmetrical Triangle Formation – This pattern suggests an imminent price squeeze, typically followed by a sharp move in either direction.
📊 Increased Trading Volume – A 40% surge in 24-hour trading volume signals growing interest from investors.
📌 Key Resistance & Support Levels:
- Resistance: If LINK breaks past $14.50-$15, the next target is $21.
- Support: If LINK falls below $13, a bearish scenario could unfold.
Market Sentiment: Can LINK Overcome Macro Uncertainty?
While the technical outlook appears bullish, external factors such as Trump’s tariff policies and broader market conditions could impact LINK’s trajectory. Bitcoin’s struggle below $85,000 and Ethereum’s battle at $1,800 add to the uncertainty.
However, analysts like Ali Martinez suggest that as long as LINK holds its key support levels, a breakout remains likely.
Chainlink’s recent price movement and bullish chart patterns hint at a strong potential rally. If the market conditions align, LINK could surge by 35% to hit $21 in the near term. However, investors should watch out for key resistance levels and potential macroeconomic disruptions.
Will LINK defy the odds and break out soon? Stay tuned! 🚀
