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This Chart Pattern Shows Chainlink (LINK) Is Getting Ready for a Massive Move
By: captainaltcoin|2025/05/15 22:15:06
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Chainlink could be ready to rally according to @CryptoELlTES. The LINK price is forming a powerful technical pattern that could signal the beginning of a massive breakout.In a chart shared by the analyst, a long-term cup and handle formation appears to be playing out, and if this setup completes, the Chainlink price could be heading much higher.LINK Price Structure Suggests Bottom Is InLooking closely at the chart from @CryptooELITES, the LINK price recently retested a major trendline that has acted as resistance for years. The chart shows that LINK has now bounced off what is being called the “bottom” area around $12 to $14. The price is currently sitting just above $17, and this level looks like a key pivot point.The curved pattern highlighted in the chart forms a classic cup shape, which often precedes strong bullish moves in technical analysis. If LINK can hold this support zone and begin to climb, the handle part of the pattern will complete, potentially kicking off the next major uptrend.@CryptoELlTES / XChainlink Price Targets: $53, $100, Even $144?The bullish scenario outlined by @CryptoELlTES points to some ambitious price targets for Chainlink. The first target is around $53, followed by a mid-range zone at $100. If momentum continues to build, the LINK price could even reach $144, which would represent roughly a 10X move from current levels.These projections aren’t random. They are based on a combination of previous resistance zones, Fibonacci extensions, and the overall structure of the cup and handle formation. It’s also worth noting that market sentiment around Chainlink has been improving, especially as interest in decentralized oracles and real-world asset integration grows.Read Also: Ripple (XRP) vs. Hedera (HBAR): Which Could Gain the Most in 2025?While nothing in crypto is guaranteed, @CryptooELlTES believes the current structure is setting up for something big. The price action and volume behavior seem to support that claim.For now, all eyes are on how Chainlink behaves around the breakout zone. If it can push through with strong volume, the move could validate the structure and start the journey toward those higher targets.Keep an eye on the charts, and on the updates from @CryptooELlTES, because LINK could be one of the most interesting plays in the coming months.Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. The post This Chart Pattern Shows Chainlink (LINK) Is Getting Ready for a Massive Move appeared first on CaptainAltcoin.
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