Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Whales' $16 Wager May Trigger Chainlink's Surge Past $100

Whales' $16 Wager May Trigger Chainlink's Surge Past $100

Bitget-RWA2025/09/26 05:31
By:Coin World

- Chainlink (LINK) forms a multi-year symmetrical triangle pattern, with analysts predicting a potential $100 breakout if $16 Fibonacci support holds. - Whale accumulation at $16 and institutional interest in Grayscale's proposed LINK ETF suggest growing bullish sentiment despite current 17% weekly losses. - Regulatory engagement with SEC and expanding oracle network utility reinforce long-term potential, though bearish technical indicators like RSI below 50 persist. - Analysts project $100-$195 price targ

Whales' $16 Wager May Trigger Chainlink's Surge Past $100 image 0

Chainlink (LINK) has developed a symmetrical triangle formation spanning several years, and technical experts believe a breakout toward $100 is possible if the coin revisits significant Fibonacci retracement points. Analyst Ali Martinez recently pointed out this pattern on X, mentioning that a pullback to $16—which matches the 0.5 Fibonacci retracement—could spark a price recovery. Should buyers step in at this level, LINK could aim for the 1.272 Fibonacci extension, which is around $100. At present,

is trading near $20.25, reflecting a 17% drop over the past week. Bulls must surpass resistance at approximately $204 and $213 to establish a lasting upward movement.

This long-standing triangle pattern features converging trendlines that have limited price swings for years. Martinez noted that a bounce from the $16 support could pave the way for a breakout, with the $100 objective depending on strong buying momentum. This outlook assumes LINK does not fall below $16—a level where large holders have been accumulating. Data tracking whale activity shows increased buying at this price, indicating that major investors see it as a favorable entry point.

On the fundamental side, positive developments are supporting the bullish scenario. Grayscale’s application for a spot

ETF, which may allow LINK staking, has attracted institutional interest. Approval of the ETF could boost liquidity and regulatory certainty, factors that have historically driven crypto prices higher. Additionally, Chainlink’s CEO recently met with the U.S. Securities and Exchange Commission to discuss tokenization, signaling increased regulatory involvement that could encourage broader adoption.

Technical signals present a mixed picture. LINK’s Relative Strength Index (RSI) remains under 50, indicating bearish sentiment, while the MACD histogram is widening in negative territory. On the other hand, the 50-day moving average is trending upward, suggesting possible long-term resilience. On-chain data shows LINK holding the 13th spot by market cap at $15.1 billion, with daily trading volumes above $1.2 billion.

Analyst forecasts for LINK’s long-term price generally support the $100 target. Coinpedia projects a potential price of $195 by 2030, while Changelly and Mitrade estimate $140 and $139, respectively, for the same year. For the near term, Coinpedia expects an average of $47 in 2025, depending on how the triangle pattern resolves. Continued whale accumulation at $16 is crucial; maintaining this level could confirm the bullish outlook and set the stage for a prolonged rally.

Chainlink’s standing in the market is further enhanced by its function in decentralized

networks, which enable smart contracts to access real-world data. The introduction of the Chainlink Reserve and collaborations with established financial institutions highlight its growing use cases. Although short-term bearish trends remain, the combination of technical patterns, regulatory advancements, and institutional participation could position LINK for a breakout—assuming the $16 support remains intact.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin Futures Market Locked in Tug-of-War: A Fragile Balance Between Bulls and Bears

- Bitcoin perpetual futures show near 50/50 long/short ratio, indicating market equilibrium and cautious trader positioning. - Exchange data reveals divergent sentiment: Binance leans bullish (51.16% long), while Bybit and Gate.io show bearish bias. - Balanced ratios signal potential volatility, with squeeze risks and the need for combined analysis of open interest and funding rates. - Market awaits catalysts like regulation or adoption to break neutrality, offering range-trading opportunities amid fragmen

Bitget-RWA2025/09/26 07:01
Bitcoin Futures Market Locked in Tug-of-War: A Fragile Balance Between Bulls and Bears

World Chain Connects Blockchains to Create a Global DeFi Ecosystem Without Borders

- World Chain integrates Chainlink CCIP to enable secure cross-chain transfers of WLD between its Layer 2 network and Ethereum via the CCT standard. - The partnership combines CCIP with Chainlink Data Streams for sub-second financial data latency, enhancing DeFi liquidity and institutional-grade cross-chain applications. - By bridging 20+ blockchains and collaborating with protocols like Across, World Chain aims to reduce liquidity fragmentation and establish a borderless DeFi ecosystem.

Bitget-RWA2025/09/26 07:01
World Chain Connects Blockchains to Create a Global DeFi Ecosystem Without Borders

Is WLFI’s Complete Buyback-and-Burn Approach Capable of Reversing a 60% Price Drop?

- World Liberty Financial (WLFI), linked to Donald Trump, executed a 100% buyback-and-burn plan approved by 99.8% of its governance community to stabilize its token price. - The strategy redirects all treasury fees from Ethereum, BNB Chain, and Solana trading to repurchase and permanently burn WLFI tokens, aiming to reduce supply and reward long-term holders. - Despite initial price drops of 60% post-launch and a failed one-time token burn, analysts predict potential 25% price recovery if buybacks are sust

Bitget-RWA2025/09/26 07:01
Is WLFI’s Complete Buyback-and-Burn Approach Capable of Reversing a 60% Price Drop?

AlphaTON Connects Conventional Finance with Blockchain through Telegram’s Platform

- AlphaTON Capital Corp. raised $71M via shares and loans to buy $30M in TON tokens, expanding its reserves to $100M by Q4 2025. - The firm leverages Telegram's ecosystem for blockchain infrastructure, staking, and dApp development through partnerships with BitGo, Kraken, and others. - Strategic alliances and institutional-grade operations aim to bridge traditional finance with blockchain, targeting scalable dApp deployment via Telegram's user base. - Analysts highlight growing institutional confidence in

Bitget-RWA2025/09/26 06:47
AlphaTON Connects Conventional Finance with Blockchain through Telegram’s Platform