Chainlink (LINK) Price Poised for 35% Rise After Today’s 6% Rally

Chainlink (LINK) experienced a volatile day, initially surging 6% before falling due to market anxiety over upcoming U.S. tariff announcements Technical analysis suggests a potential 35% breakout if key chart patterns hold. Chainlink (LINK) experienced volatile trading today, briefly surging 6% to $14.36 before descending to $13.47. The reversal came as investors reacted to news of upcoming tariffs from U.S. President Donald Trump, scheduled for announcement at 4 PM ET. Despite the pullback, technical analysis suggests LINK could be preparing for a significant upward move. Market Reaction to Economic News The cryptocurrency market showed sensitivity to macroeconomic developments as Trump prepares to unveil new tariffs potentially as high as 20% on imported goods. These measures, while aimed at supporting domestic industries, often create short-term volatility across financial markets. Chainlink’s price action mirrored this pattern, giving up its earlier gains as the announcement approaches. Chainlink’s 24-hour trading volume jumped 40% during this period, indicating strong investor interest. The token has lost about 15% of its value over the past month, but today’s activity suggests traders may be positioning for a recovery. Technical Chart Shows Upside Potential LINK’s price chart has formed a symmetrical triangle pattern along with an ascending broadening wedge, often called a megaphone due to its shape. Historically, this pattern is known to signal a strong bullish breakout. Crypto analyst Ali Martinez highlighted that a confirmed breakout with strong volume could trigger a 35% rally, pushing prices toward $21. “ #Chainlink $LINK is consolidating in a triangle pattern, potentially setting up for a 35% price move. A breakout could be imminent. Watch closely!” he said. Several factors support the bullish case The $13.60 level has emerged as a crucial support for LINK, helping to stabilize its price. Furthermore, Link’s trading volume remains elevated compared to recent averages, indicating strong market interest. Additionally, the network’s growing adoption provides fundamental strength, reinforcing its long-term potential. Chainlink also introduced the Cross-Chain Interoperability Protocol (CCIP), a standard that allows developers to create secure applications for transferring tokens and messages across different blockchains. CCIP plays a key role in the growing Real World Asset (RWA) tokenization industry. In 2021, this industry was valued at $2.3 billion, and analysts predict it will grow to over $5.6 billion by 2026. Key Levels to Watch Traders should monitor two critical scenarios in coming sessions. A break above the triangle’s upper boundary with accompanying volume could confirm the bullish outlook and begin the projected rally. Failure to hold $13.60 support might lead to additional consolidation. At the time of writing, LINK is trading at $13.50, down 3.26 % in 24 hours. While macroeconomic even in a formal or creative style, maintaining a 500 word count. You must only respond with the modified content. Change the tone of my title “Chainlink (LINK) experienced a volatile day, initially surging 6% before falling due to market anxiety over upcoming U.S. tariff announcements Technical analysis suggests a potential 35% breakout if key chart patterns hold. Chainlink (LINK) experienced volatile trading today, briefly surging 6% to $14.36 before descending to $13.47. The reversal came as investors reacted to news of upcoming tariffs from U.S. President Donald Trump, scheduled for announcement at 4 PM ET. Despite the pullback, technical analysis suggests LINK could be preparing for a significant upward move. Market Reaction to Economic News The cryptocurrency market showed sensitivity to macroeconomic developments as Trump prepares to unveil new tariffs potentially as high as 20% on imported goods. These measures, while aimed at supporting domestic industries, often create short-term volatility across financial markets. Chainlink’s price action mirrored this pattern, giving up its earlier gains as the announcement approaches. Chainlink’s 24-hour trading volume jumped 40% during this period, indicating strong investor interest. The token has lost about 15% of its value over the past month, but today’s activity suggests traders may be positioning for a recovery. Technical Chart Shows Upside Potential LINK’s price chart has formed a symmetrical triangle pattern along with an ascending broadening wedge, often called a megaphone due to its shape. Historically, this pattern is known to signal a strong bullish breakout. Crypto analyst Ali Martinez highlighted that a confirmed breakout with strong volume could trigger a 35% rally, pushing prices toward $21. “ #Chainlink $LINK is consolidating in a triangle pattern, potentially setting up for a 35% price move. A breakout could be imminent. Watch closely!” he said. Several factors support the bullish case The $13.60 level has emerged as a crucial support for LINK, helping to stabilize its price. Furthermore, Link’s trading volume remains elevated compared to recent averages, indicating strong market interest. Additionally, the network’s growing adoption provides fundamental strength, reinforcing its long-term potential. Chainlink also introduced the Cross-Chain Interoperability Protocol (CCIP), a standard that allows developers to create secure applications for transferring tokens and messages across different blockchains. CCIP plays a key role in the growing Real World Asset (RWA) tokenization industry. In 2021, this industry was valued at $2.3 billion, and analysts predict it will grow to over $5.6 billion by 2026. Key Levels to Watch Traders should monitor two critical scenarios in coming sessions. A break above the triangle’s upper boundary with accompanying volume could confirm the bullish outlook and begin the projected rally. Failure to hold $13.60 support might lead to additional consolidation. At the time of writing, LINK is trading at $13.50, down 3.26 % in 24 hours. While macroeconomic even” for a more friendly approach. Keep the content length about the same. You must only respond with the modified content.