Chainlink’s $15 Level: Crucial for a 300% Rally or a Significant Decline?
- Analyst Ali Martinez predicts a 300% surge in Chainlink (LINK) if $15.00 support holds, targeting $46.31 via an ascending channel pattern. - Current price at $18.21 (up 2.41% 24h) aligns with 0.786 Fibonacci level, with $15.00 identified as a strategic accumulation zone. - Breakout above $20.04 could trigger a rally to $46.31, while failure to hold $15.00 risks a pullback to $18.00 amid crypto market consolidation. - Martinez emphasizes the pattern's high-probability trade potential, though volatility an
Chainlink (LINK) has become a central topic among bullish traders, with some experts pointing to a possible 300% increase if crucial technical thresholds are maintained. According to market analyst Ali Martinez, in
Martinez’s research focuses on a wide ascending parallel channel that has shaped LINK’s price since the middle of 2023. The lower edge of this channel, last touched in June 2025 when LINK climbed to $28.00, now acts as a vital support area. The analyst anticipates that
Should this support remain firm, LINK could bounce back toward the channel’s upper limit, which is now near $20.04 and lines up with the 0.786 Fibonacci level. Still, Martinez warned that this resistance could cause a short-term drop to $18.00 before any lasting upward move. Breaking above $20.04 could send LINK as high as $46.31, marking a 300% rise from the suggested accumulation area. This goal matches the 1.272 Fibonacci extension, a widely used marker for projecting price advances.
LINK’s latest price action has reflected the overall market, gaining 7.64% over the past week after a pullback in mid-October. Martinez’s outlook indicates that the current consolidation around $18.21 could precede a larger rally, as long as the $15.00 support is not breached. “This setup offers a strong trade opportunity for those ready to buy during dips,” the analyst remarked.
Despite the positive technical signals, traders are still wary. The altcoin’s price swings highlight the need to watch key levels closely, especially as the wider crypto market continues to consolidate. Martinez’s forecast, though, provides a potential strategy for investors aiming to benefit from further gains, assuming supportive macro and fundamental factors persist.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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