Market Overview for Chainlink/Tether (LINKUSDT) – 2025-10-25

• Chainlink/Tether surged to a 24-hour high of $18.07 amid sustained bullish momentum.
• Price remains above 20/50-period moving averages, indicating short-term bullish bias.
• Volatility has expanded on Bollinger Bands, while RSI remains within neutral-to-overbought territory.
• Turnover exceeded $1.06 billion, with no major divergence between price and volume.
• A key Fibonacci level at $17.85 appears to be retesting resistance on the 15-minute chart.

The Chainlink/Tether (LINKUSDT) pair opened at $17.60 on October 24 at 12:00 ET and surged to a 24-hour high of $18.07 by 12:15 PM ET on October 25. The pair closed at $18.00 by 12:00 ET on October 25 after trading between $17.47 and $18.07. Total 24-hour trading volume was approximately 361,663.59 with a turnover of $6.53 billion, signaling high liquidity and investor interest.

On the 15-minute chart, price remains above both the 20-period (17.87) and 50-period (17.86) moving averages, reinforcing the bullish trend. A series of higher highs and higher lows suggests continued accumulation. A key support zone appears to be forming at $17.85–$17.87, where the price has tested multiple times, and a breakout above $18.02 may confirm the next leg higher. On the daily timeframe, the 50-day MA at $17.68 and 200-day MA at $17.15 remain well below current levels, indicating a longer-term uptrend in place.

The MACD (12,26,9) turned bullish with a positive crossover and rising histogram, suggesting momentum is building. RSI-14 stands at 62, with the last overbought level at 70 not reached during the 24-hour window. Price remains within the upper half of the Bollinger Band, with volatility expanding after the breakout from a consolidation phase. A retest of the upper band at $18.07–$18.09 may trigger a correction, but as long as $17.85 holds, the bias remains to the upside.

Fibonacci retracement levels from the recent 15-minute swing (17.47–18.07) suggest key levels at 38.2% ($17.81) and 61.8% ($17.94). The price has tested both 61.8% and the upper Bollinger Band, currently hovering near $18.00. A break above $18.07 could target $18.23, while a pullback to $17.85–$17.87 could consolidate before the next move.

Backtest Hypothesis
Despite the recent bullish momentum, no overbought conditions (RSI-14 ≥ 70) have occurred for Chainlink/Tether since early 2022. A backtest strategy relying solely on RSI-14 ≥ 70 would have generated no trades during this period. This indicates either a strong, sustained uptrend without overbought exhaustion or the need for a more adaptive indicator or strategy. Alternatives include using RSI-14 ≥ 65 or incorporating shorter-term RSI (e.g., RSI-7) for more frequent overbought signals, or combining RSI with moving average crossovers to filter high-probability entries.