LINK Market Analysis Update (May 2025)
LINK is currently undergoing a pullback after a minor rally. On the daily timeframe, the structure suggests a potential upside setup, but confirmation is still pending. We are tracking a possible bullish scenario developing, provided key support levels hold.
Current Structure
Larger flat correction (A-B-C) from March 2024 appears to have completed, with the C wave hitting strong Fibonacci support between $10.70 and $11.00.
Early signs of a bounce, but so far, no confirmed 5-wave impulse up — rally structure remains fragile.
Price is still below the late March high (~$15.25), which is critical for breakout confirmation.
Key Support Zone
$12.58 - $13.92
This is the zone where the current B wave pullback could bottom out. Holding this level keeps the bullish scenario alive.
Entry Zone (Buy Range)
$12.60 - $13.90
Look to accumulate within this range if the price shows signs of stabilizing.
Targets
Initial Target (Breakout Confirmation): $15.25 (B wave high)
Primary Target (Wave C projection): $17.30 - $17.50
Extended Target (if momentum builds): $18.50+
Stop Loss
Below $12.50
A break below $12.50 would invalidate the bullish structure and suggest deeper downside risk.
Strategy Notes
Watch for a clean 5-wave move above $15.25 for confirmation of trend reversal.
If price fails to hold the $12.58 support zone, shift to neutral or bearish bias.