The post Chainlink Forms Cup and Handle Pattern with a Potential 165% Rally to $40 Target appeared on BitcoinEthereumNews.com.

Key Insights: Chainlink’s cup-and-handle pattern suggests a potential 165% price surge toward $40. Chainlink integrates real-time oracles with MegaETH for faster execution of smart contracts. XSwap connects Mastercard’s 3.5 billion cardholders to blockchain via Chainlink’s CCIP. Chainlink Forms Cup and Handle Pattern with a Potential 165% Rally to $40 Target Chainlink ($LINK) is showing promising signs of a potential breakout, as it forms a cup-and-handle pattern within a long-term rising channel. This structure is often seen as a bullish signal, indicating a possible significant price movement in the near future.  Chainlink’s Bullish Structure Chainlink has been consistently forming a cup-and-handle pattern on its price chart. This pattern typically signals a continuation of an upward trend, often followed by a major price rally. According to market analysts, this type of structure suggests that Chainlink has undergone several accumulation phases, establishing a solid base around its lower trendline. Upward Trend | Source: X The base suggests that Chainlink is on the brink of a breakout, with the price heading toward the $40 mark, indicating a potential 165% increase from the current price. Traders are watching for a decisive breakout above the upper trendline of the channel to confirm the bullish outlook. Chainlink’s Growing Role in DeFi Chainlink has made advancements in the blockchain space. Recently, Chainlink launched its first native, real-time oracle on MegaETH, an Ethereum Layer 2 (L2) solution. This new integration allows MegaETH’s ecosystem to deliver high-speed market data directly to smart contracts, eliminating oracle lag. MegaETH is designed as a high-throughput Ethereum L2 with fast block times, targeting up to 100,000 transactions per second. This makes the platform ideal for trading apps requiring exchange-like responsiveness.  By integrating Chainlink Data Streams, MegaETH is enhancing its ability to offer real-time, low-latency market data to decentralized applications (dApps), enabling faster transactions and…

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Filed under: News - @ October 17, 2025 5:28 am