The post This Chart Signals a Big Move Soon appeared on BitcoinEthereumNews.com.

Chainlink (LINK) price has long been a favorite among crypto enthusiasts for its role in powering decentralized oracle networks. But after weeks of sideways price action and a recent struggle to stay above $13, traders are now asking: is LINK price about to wake up and deliver a breakout? With fresh signs of momentum brewing on the daily chart, a potential rally towards the $16–$18 zone is on the radar — if key technical levels hold and the market aligns. In this analysis, we break down the latest LINK price daily chart, decode what the indicators are hinting at, and run the numbers to see where Chainlink price could realistically go next. Chainlink Price Prediction: What Does the Current LINK Price Daily Chart Reveal? LINK/USD Daily Chart- TradingView The daily chart for Chainlink (LINK) price shows a tight consolidation phase just above the $13 mark, with recent candles hovering around $13.43. Notably, the Heikin Ashi candles display a reduction in bearish momentum compared to the strong downtrend visible during June. This suggests selling pressure has weakened and the market is undecided, setting the stage for a breakout. The RSI (Relative Strength Index) sits near 50 (49.98), a clear sign that LINK price is neither overbought nor oversold. This neutral momentum hints that buyers and sellers are currently balanced but also signals that any catalyst could tip the scale sharply in either direction. Is LINK Price Building Momentum for an Upside Move? One striking technical clue is the alignment of Fibonacci retracement levels drawn on the right side of the chart. The visible levels highlight potential upside targets clustered around $15.50 to $18.00. If LINK price can push above its recent range high near $13.57 (today’s high), it could quickly retest the first key level at $15.50. To estimate this, let’s…

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Filed under: News - @ July 8, 2025 2:29 pm