Date: Mon, Aug 18, 2025 | 11:10 AM GMT
The cryptocurrency market is facing renewed downside pressure as Ethereum (ETH) slides 6% on the day, dropping to $4,275 from its recent high of $4,780. This weakness has weighed on much of the major altcoins.
Yet, Chainlink (LINK) is standing out, holding firm in the green with more than 15% gains on the week. Even more importantly, its price chart is now flashing a key fractal formation that could point to a strong bullish rally ahead.
Fractal Pattern Hints at Potential Bullish Rally
According to leading crypto analyst Maelius, LINK’s current price action bears a striking resemblance to its structure during the late 2020 breakout phase.
At that time, LINK consolidated within an ascending channel pattern before breaking out, turned the former resistance as support, and then surging into a parabolic rally.
Fast forward to 2025, the chart once again shows LINK trading inside an ascending channel, with price action pressing toward the upper boundary. If history is any guide, this setup could be the early stage of another breakout, mirroring the move that carried LINK from $7 to over $53 in the previous cycle.
What’s Next for LINK?
If this fractal continues to unfold, a confirmed breakout above the channel could shift the $30–$35 range into a strong support base. From there, LINK may have the momentum to target a move well beyond its prior highs, potentially eyeing the $200+ region later in this cycle.
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