Chainlink LINK Eyes $47 Breakout as Bullish Harmonic Pattern Emerges
A rare harmonic pattern on Chainlink's monthly chart indicates a potential breakout toward $47, suggesting significant upside potential. Market analysts highlight this setup as a possible precursor to multi-year bullish momentum if confirmed.
Recent price action shows mixed signals—LINK rebounded sharply from $13.05 to $13.67 in a V-shaped recovery on July 4-5, 2025, but relatively low trading volume ($321.81 million) raises questions about sustainability. While buyers defended local support levels, the rally lacks conviction without a decisive close above $13.70.
The intraday bounce appears liquidity-driven rather than trend-defining. Traders are awaiting stronger volume confirmation to validate the harmonic pattern's long-term bullish implications.
