Bitcoin News Today: Chainlink (LINK) Bullish Divergence Sparks 90% Upside Potential to 3000 Sats

Generated by AI AgentCoin World
Sunday, Jul 27, 2025 2:49 am ET1min read
LINK
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Aime RobotAime Summary

- Chainlink (LINK) shows bullish divergence near 0.0001368 BTC support, signaling potential trend reversal after prolonged bearish phase.

- Price approaches 0.0001575 BTC resistance with 90% upside potential to 3,000 satoshis if breakout confirmed, supported by rising volume and overbought RSI.

- USD chart reveals symmetrical triangle pattern with $18.36 rebound; breakout above $26-$27 could target $37-$52, while failure risks drop to $7.00.

- Analysts highlight critical 0.0001575 BTC threshold and triangle apex as key confirmation points, emphasizing sustained volume/price action for bullish validation.

- Market remains in pivotal watch period balancing potential 113% rally against retracement risks as technical indicators converge at key levels.

Chainlink (LINK) has exhibited technical indicators suggesting a potential reversal in its extended bearish trend, with bullish divergence forming near a critical support level of 0.0001368 BTC. This support has remained intact over recent months, and the price is now approaching a key resistance zone between 0.0001464 and 0.0001575 BTC. A confirmed breakout above this range could signal the start of a new uptrend, with technical analysis projecting a price target of 0.000328 BTC, equivalent to 3,000 satoshis. This level represents a potential upside of over 90% from current trading levels [1].

Rising on-chain metrics reinforce the possibility of accumulation. The Relative Strength Index (RSI) has crossed above 70, indicating strong buying pressure but also nearing overbought territory, which historically triggers short-term consolidation. Simultaneously, trading volume has surged during the recent upward movement, suggesting growing interest among market participants [1]. However, the price remains in a narrow range against the 0.0001575 BTC resistance, a critical threshold for confirming the reversal.

LINK’s multi-year USD chart reveals a symmetrical triangle pattern, formed by descending highs since 2021 and ascending lows from 2020 and 2023. At $18.36, the price has rebounded off the triangle’s lower boundary and is now testing its upper edge. A breakout above $26–$27 would validate the bullish scenario, potentially driving the price toward $37 and $52. Conversely, a failure to break out and a drop below $13 could target $10.50 and $7.00, underscoring the volatility inherent in such technical setups [1].

The convergence of bullish divergence, rising volume, and structural resistance levels highlights the asset’s positioning at a pivotal moment. While the BTC pairing focuses on 0.0001575 BTC as a breakout confirmation point, the USD chart’s triangle apex—anticipated before year-end—could further shape the trajectory. Analysts emphasize that sustained volume and price action above key levels are essential to solidify the bullish case. For now, the market remains in a critical watch period, balancing the potential for a significant rally against the risk of a retracement.

Source: [1] [LINK Bullish Divergence Ignites Hopes of 113% Upside Toward 3000 Sats] [https://cryptofrontnews.com/link-bullish-divergence-ignites-hopes-of-113-upside-toward-3000-sats/]