TLDR:
- Chainlink LINK forms ascending triangle signaling potential breakout above $25.50 resistance level.
- Fibonacci projections show LINK may reach $53, $102, and $144 after a confirmed breakout.
- MACD approaching golden cross near previous breakout levels, suggesting repeat bullish momentum.
- Swift’s pivot to Chainlink infrastructure strengthens institutional trust and adoption in DeFi.
Chainlink LINK has formed a price pattern that echoes last month’s bullish run, drawing attention from traders and investors.
The crypto shows a bull pennant pattern that historically preceded a breakout.Analysts are noting that the MACD is nearing a golden cross, a level previously associated with a 50% price surge.
Sources on X including Lark Davis, highlighted the similarity to the last bullish setup. Market participants are closely watching LINK to see if the momentum will replicate past movements.
$LINK is lining up the same setup we saw last month:
Bull pennant → breakout → MACD golden cross.
What makes this wild is that the MACD is about to cross at almost the same level as before.
Last time this happened, $LINK pumped by over 50%.
Does it play out again? pic.twitter.com/rVNhurwjTU
— Lark Davis (@TheCryptoLark) September 13, 2025
Technical indicators suggest that LINK could test multiple resistance levels in the coming sessions.
Ali, another crypto analyst on X, points out that the price forms a symmetrical ascending triangle. This pattern shows decreasing volatility with higher lows forming against a steady resistance line. Traders interpret this as a signal that Chainlink could break higher, potentially triggering rapid upward movement.
Chainlink Price Targets and Institutional Support
Fibonacci projections indicate the first target at $53, aligning with the 1.0 extension level. Beyond that, analysts highlight $102 as the next level at 1.272, which could lead to a parabolic rally if surpassed.
Chainlink $LINK is getting ready for a parabolic move! pic.twitter.com/vOJQZ8P6Ww
— Ali (@ali_charts) September 14, 2025
The 1.414 extension marks $144, representing the potential for continued acceleration after the initial breakout. Resistance at $25.50 remains a key hurdle, with support between $20 and $22 providing a solid base.
Bubbafox, another crypto commentator, emphasized the role of Swift’s infrastructure integration in strengthening LINK’s institutional adoption.
Swift’s global banking network complements Chainlink’s on-chain technology, potentially merging traditional finance with DeFi infrastructure. This development could provide LINK with a durable foundation as a neutral trust layer for tokenized assets.
Analysts suggest that as Swift and possibly the DTCC adopt Chainlink technology, the token could gain deeper market relevance.
Market sentiment remains cautious yet attentive. Traders are monitoring the MACD for confirmation of bullish momentum. Technical setups combined with institutional partnerships may influence price action in the near term.
If LINK breaches resistance, it could follow the Fibonacci trajectory outlined by analysts.
The post Chainlink Poised for Parabolic Move: LINK Resistance at $25.50 Under Watch appeared first on Blockonomi.
Source: https://blockonomi.com/chainlink-poised-for-parabolic-move-link-resistance-at-25-50-under-watch/