⭐️ Chainlink Holders: This Chart Signals a Big Move Soon
Chainlink (LINK) price has long been a favorite among crypto enthusiasts for its role in powering decentralized oracle networks. But after weeks of sideways price action and a recent struggle to stay above $13, traders are now asking: is LINK price about to wake up and deliver a breakout? With fresh signs of momentum brewing on the daily chart, a potential rally towards the $16–$18 zone is on the radar — if key technical levels hold and the market aligns.
🔸 Chainlink Price Prediction: What Does the Current LINK Price Daily Chart Reveal?
The daily chart for Chainlink (LINK) price shows a tight consolidation phase just above the $13 mark, with recent candles hovering around $13.43. Notably, the Heikin Ashi candles display a reduction in bearish momentum compared to the strong downtrend visible during June. This suggests selling pressure has weakened and the market is undecided, setting the stage for a breakout.
The RSI (Relative Strength Index) sits near 50 (49.98), a clear sign that LINK price is neither overbought nor oversold. This neutral momentum hints that buyers and sellers are currently balanced but also signals that any catalyst could tip the scale sharply in either direction.
🔸 Is LINK Price Building Momentum for an Upside Move?
One striking technical clue is the alignment of Fibonacci retracement levels drawn on the right side of the chart. The visible levels highlight potential upside targets clustered around $15.50 to $18.00. If LINK price can push above its recent range high near $13.57 (today’s high), it could quickly retest the first key level at $15.50.
To estimate this, let’s do a quick projection:If Chainlink price breaks above $13.57 and rallies to $15.50, that’s an upside of about 14%: A clean close above $15.50 could open the door to the next level at $18, implying a potential gain of about 32% from the current $13.57 pivot.