NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Chainlink is About to Print an “Extremely Bullish” Pattern as Analysts Eye Upside

Cole Petersen
Cole Petersen
4 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Chainlink has seen some volatile price action throughout the past couple of days, with its price oscillating between lows of $7.40 and highs of $8.80.

This volatility has come as it decouples from the price action seen by Bitcoin and the aggregated crypto market – which, for the time being, is a positive technical development.

Analysts are now widely noting that the cryptocurrency may be positioned to see significantly further upside in the near-term.

There are multiple factors supporting this narrative, including a potential “cup and handle” pattern that it has been forming, as well as a massive ascending channel this it is currently respecting.

The confluence of these factors – coupled with its decoupling from the rest of the markets – could provide it with the momentum it needs to start a fresh leg higher.

Chainlink Flashes Signs of Strength as It Decouples from Aggregated Market 

At the time of writing, Chainlink is trading up over 3% at its current price of $8.53. This is around the price at which it has been trading throughout the past several days.

After surging towards $8.50 on August 1st, LINK has been largely caught within a wide trading range between $7.40 and $8.80.

These range lows were set during the selloff seen on Saturday that sent Bitcoin reeling down to $11,000 and Ethereum down to lows of $300.

Chainlink’s dip was incredibly short-lived, and within a matter of hours, it had recovered virtually all of the losses posted as a result of this movement.

It was even able to push higher and revisit its all-time highs at $8.80. From this point on, it has been trading between $7.80 and $8.70.

This price action has allowed the cryptocurrency to form what is called a “cup and handle” pattern.

While pointing to this pattern, one analyst noted that this could help to bolster Chainlink’s near-term outlook.

“LINK (USDT) daily chart – As price re-tests the all-time high area, this is a good spot for a cup and handle continuation, or ascending triangle continuation patterns to form.”

Chainlink LINK

Image Courtesy of Cheds. Chart via TradingView.

LINK Remains Within Macro Ascending Channel

There’s no end in sight to Chainlink’s macro uptrend.

Another analyst recently put forth a chart showing that LINK has remained caught within its macro ascending channel that has been formed throughout the past year.

“LINK: Near perfect bounce on PF ML thus far,” he said.

Image Courtesy of Josh Olszewicz. Chart via TradingView.

As seen in the above chart, because Chainlink’s latest rebound came about at the middle point of this channel, it may once again push towards its upper boundary.

Featured image from Unsplash.
Charts from TradingView.
Tweet123Share211ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Coinbase Premium Signals Aggressive Ethereum Accumulation: Institutional Demand Accelerates

Coinbase Premium Signals Aggressive Ethereum Accumulation: Institutional Demand Accelerates

Ethereum has surged more than 70% since mid-June, marking one of its most impressive rallies of the year. The move...

Sebastian Villafuerte 6 hours ago
Avalanche

Avalanche Bulls Eye Breakout, But Mid-Term Caution Clouds The View

Crypto Analysis AI, in a recent update on X, highlighted that Avalanche (AVAX) is displaying mixed signals across multiple timeframes....

Godspower Owie 7 hours ago

How Stablecoin Rules Are Cementing USD as the World’s Digital Anchor

Conventional crypto wisdom has traditionally painted stablecoins as a potential threat to the U.S. dollar’s hegemony: digital upstarts set to...

News BTC 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum's Rally Isn't What It Seems — Here's What's Really Driving It

Ethereum’s Rally Isn’t What It Seems — Here’s What’s Really Driving It

Samuel Edyme 19 minutes ago
Ethereum news

Tom Lee Predicts $30,000 Per Ethereum As Treasury Frenzy Begins

Jake Simmons 3 hours ago
XRP

XRP Open Interest Just Hit A Fresh ATH Above $10 Billion, Will Price Follow Next?

Scott Matherson 4 hours ago

Premium Sponsors

Press Releases

  • 米下院がGenius法案を可決、暗号資産市場は4兆ドル間近に — 次なる仮想通貨1000倍の期待銘柄とは

    ...

    4 hours ago
  • Top 5 Cloud Mining Sites in 2025: Best Crypto Platforms for...

    7 hours ago
  • PAXMINING Leads 2025 Bitcoin Mining Surge: Innovative Cloud...

    8 hours ago
  • ミームコイン熱狂の中、最新仮想通貨プレセールが63万ドルを突破

    ...

    10 hours ago
  • XRPが3.4ドルの最高値を突破し、2日間で取引量が約4倍に急増する中で注目される次の仮想通貨おすすめ

    ...

    10 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.