Has the LINK Market Cycle Ended? | Credit: Hameem Sarwar
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Key Takeaways
Chainlink (LINK) trades inside a long-term ascending parallel channel.
LINK has completed a five-wave downward movement since August.
Has Chainlink’s bullish trend come to an end, or will the price continue to move to new highs?
Chainlink (LINK) has shown intense price action over the past year, but signs are emerging that the bullish momentum may be fading.
Chainlink has been moving within a long-term ascending parallel channel, often associated with corrective trends rather than impulsive movements.
Recent technical signals, including Fibonacci resistance rejections and bearish momentum indicators, suggest that Chainlink may be at risk of a significant decline.
Chainlink Risks Breakdown
The Chainlink price has been trading within an ascending parallel channel since the bull run began in June 2023.
These channels usually contain corrective movements, so the fact that LINK trades in one indicates the entire upward movement may be corrective.
Additionally, Chainlink’s price failed to break out from the 0.5 Fibonacci retracement resistance level (black circle), resulting in a deviation.
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These bearish signs were further highlighted when LINK created a lower high in August 2025.
Even though Chainlink’s bounce and long lower wick (green icon) prevented a breakdown from the channel, it took the price below the channel’s midline, a sign of a bearish trend.
In addition to the bearish price action, the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) show bearish signs.
The RSI is below 50, while the MACD has made a bearish cross (indicated by the black circle), both of which suggest that the Chainlink trend is bearish.
Therefore, the long-term Chainlink price prediction is bearish, with a decline to the channel’s support trendline at $14 being the most likely future outlook.
Why is Chainlink Going Up?
The daily time frame analysis shows that the LINK price completed an A-B-C corrective structure (green) between April and August.
Then, it finished a five-wave decline (red) that led to a low of $15.
Since the decline has considerable overlap, it is likely a leading diagonal (red), which ended at the 0.618 Fibonacci retracement support level (green icon).
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
