Date: Wed, June 25, 2025 | 07:42 AM GMT
The cryptocurrency market is showing strong signs of recovery as tensions between Israel and Iran ease. Ethereum (ETH) has rebounded sharply, jumping from its recent low of $2,113 to climb near the $2,450 level. Riding this renewed momentum, altcoins are also bouncing — and Chainlink (LINK) is showing promising signs of a bullish setup.
Today, LINK is back in the green, and more importantly, a classic harmonic pattern is flashing a potential short-term rally signal.
Source: Coinmarketcap
Harmonic Pattern Signals More Upside
Looking at LINK’s daily chart, we can see a textbook Bearish Bat harmonic pattern taking shape. This advanced technical formation is known for identifying potential reversal zones after completing the final CD leg of the pattern.
The structure begins at point X around January 31, where LINK failed to hold above $23.65. Since then, the token went through a steep correction, losing over 58% and bottoming out at $10.94 on June 22 — marked as point C.
Chainlink (LINK) Daily Chart/Coinsprobe (Source: Tradingview)
Now trading near $13.42, LINK is sitting just below its 100-day moving average ($14.15), which is acting as dynamic resistance. The Bat pattern indicates that price could now move up toward the PRZ (Potential Reversal Zone) between $24.59 and $26.35. These levels coincide with key Fibonacci extension zones — the 0.886 and 1.0 — that mark the typical completion area for this harmonic formation.
What’s Next for LINK?
If this Bat setup continues to unfold as expected, a breakout above the 100-day MA would be a strong bullish confirmation. From current levels, that implies a potential rally of over 82%, targeting $24.59 — the 88.6% Fibonacci retracement of the XC leg.
Should LINK push through $24.59, the next upside target sits around $26.35, which is also the high from late January and a significant psychological resistance — marking a potential 94% upside from today’s price.
However, traders should remain cautious until a clean breakout above the 100-day MA is confirmed.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
