$LINK
In 2025, Chainlink price (LINK) started the year on a downward path, but by April, the tide began to turn. Early in April, LINK began its recovery from a low of $10.067.
By May, it had formed a bullish rounded bottom pattern, with a crucial neckline set at $18. However, since mid-May, LINK faced challenges in maintaining its position near this neckline.
By the third week of June, it pulled back toward the support level of the rounded bottom, which coincides with a multi-year support zone around $11.
In the final week of June onwards, the LINK price began to rise and main rally came from $11 to $28 between July and August. This surge was primarily triggered by the successful launch of the Chainlink Reserve.
However, after reaching its peak, profit-taking in late August led to a decline in the LINK/USD price, which dropped to $11.75 by November 21st. This price level is aligned with the lower boundary support of a declining wedge, which forms part of a cup-and-handle pattern where the handle is depicted by the declining wedge.
By late November, the price began to rise again, facing some challenges around the $13.30 mark. On December 3rd, momentum shifted positively when Grayscale launched its LINK ETF, GLNK, resulting in a 25% increase and enabling the price to clear the 20-day EMA band on the daily chart. It now appears that LINK price is headed to retest the upper boundary of the handle as well as the falling wedge.
The optimistic forecast for LINK/USD in 2025 has been low because the FOMC failed to generate positive momentum. Many were expecting the BOJ rate hike to create a big turmoil even though the news was absorbed. Now seeing the catalyst avoiding price action, December looks weak. However, 2026 seems more opportune than 2025.