Chainlink (LINK) has broken out of a consolidation pattern that lasted more than four years. The weekly chart shows the price emerging from a symmetrical triangle formation, formed by gradually tightening highs and higher lows since 2021. This breakout marks the first decisive move beyond the pattern’s upper boundary since the structure began forming.
The chart indicates that LINK’s consolidation started after its 2020–2021 rally, when price surged over 1,800% from below $2 to more than $50 in 427 days. Following the peak, LINK entered a multi-year symmetrical triangle, with the lower trendline rising steadily and the upper trendline sloping downward. This long-term formation represents sustained accumulation, with buyers gradually absorbing supply over time.
The latest candle shows LINK breaking above the descending resistance near $24 with a strong weekly gain of over 9%. The breakout zone aligns with the pattern’s apex, a point where volatility typically expands. Based on the measured move principle—using the height of the triangle’s base—price projections suggest a possible advance toward the $350 region, representing around a 1,398% increase from the breakout level, over a projected 294-day period.
Volume analysis during consolidation showed reduced trading activity during declines and spikes during upward swings, signaling accumulation phases. The Relative Strength Index (RSI) sits near 65, indicating building momentum without yet reaching overbought territory. This combination of volume and RSI behavior supports the validity of the breakout.
LINK’s Seasonal Trends Point to Potential Year-End Strength
Chainlink’s seasonal performance over the past three years reveals a pattern of strong year-end rallies, often following extended periods of muted price action. In 2023, LINK’s price remained relatively stable through the first three quarters, moving sideways from February to September. However, a sharp uptrend began in October, accelerating into December and closing the year with a 168.18% gain, marking one of the asset’s strongest annual performances.
In 2024, the early months showed mild volatility with modest peaks in February and April, followed by a prolonged period of sideways-to-lower movement into midyear. The trend shifted in November, with LINK posting a late rally that pushed the yearly gain to 28.35%, far below the previous year but still concentrated in the final quarter.
The 2025 trajectory so far shows a weaker start, with gains in January quickly erased by a downtrend that lasted from February to June. A recovery phase began in late July, lifting the token to 8.77% year-to-date. Historically, the October–December window has delivered the most pronounced gains, suggesting that if current momentum sustains and seasonal patterns repeat, LINK’s recent breakout from its four-year consolidation could coincide with its historically strongest period of the year.
LINK four hour chart shows rising wedge, no breakdown confirmation
August 13, 2025. The Coinbase four hour chart for Chainlink LINK/USD shows price carving a rising wedge bounded by converging trend lines from early July to mid August. A rising wedge is a bearish pattern in which price makes higher highs and higher lows inside upward converging lines and usually resolves lower after a decisive break of support.
Price trades around 23.72 United States dollars while the fifty period exponential moving average at 20.67 United States dollars rises underneath and aligns with a former resistance band near 21 United States dollars, which now acts as first support. Volume expanded during the late July breakout and again on the early August surge, then cooled as price consolidated, behavior that often appears as a wedge matures.
However, the chart has not closed below the wedge support or the rising average, so the bearish signal is not confirmed; a theoretical seventy five percent decline from the current price would project near 5.93 United States dollars. Meanwhile, structure remains constructive above 21 United States dollars and the rising average, yet repeated rejections just under the recent swing area around 24 to 24.30 United States dollars indicate supply. Watch for a strong candle with expanding volume either through the overhead band to invalidate the wedge or below the support line and the average to confirm it.
LINK RSI Near Overbought Zone Signals Short-Term Strength
August 13, 2025. The Relative Strength Index (RSI) on the Chainlink chart stands at 73.34, placing it above the commonly watched 70 threshold that marks overbought conditions. The RSI measures the speed and magnitude of recent price movements, with readings above 70 suggesting potential overheating and readings below 30 pointing to oversold conditions. The yellow signal line, a moving average of the RSI, currently sits at 57.86 and is trending upward, reflecting building bullish momentum.
Since early July, the RSI has risen sharply alongside price, breaking above 70 twice — once in late July during the strong breakout and again in the current rally. This consistent push into overbought territory shows aggressive buying pressure, but it also warns of possible short-term pullbacks if momentum stalls. Historically, LINK’s RSI has dipped back toward mid-range levels after such peaks, often coinciding with price consolidations. However, as long as the RSI stays elevated and the signal line continues its uptrend, bullish sentiment is likely to persist in the near term.
Chainlink MACD Turns Bullish as Momentum Builds
August 13, 2025. The Moving Average Convergence Divergence (MACD) indicator for Chainlink shows a clear bullish shift. The MACD line (blue) has crossed above the signal line (orange) in early August, a move often interpreted as a buy signal. This crossover is supported by green histogram bars expanding above the zero line, reflecting strengthening upward momentum.
Currently, the MACD line sits at 1.632, well above the signal line at 0.999, while the histogram measures 0.633, indicating that the distance between the two lines is widening. Such divergence typically confirms that bullish momentum is accelerating rather than fading. The last similar configuration occurred in July, preceding a sharp price rally.
If this momentum continues, the MACD could remain above zero for an extended period, sustaining the current uptrend. However, traders will watch for any loss in histogram height or a new bearish crossover, which would signal weakening momentum.