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Chainlink (LINK) Targets Rebound To $19 — But Only If This Key Support Holds

Despite a widespread weekly gain in the crypto market, Chainlink (LINK) remains under significant bearish pressure printing losses across multiple time frames. Since hitting a local price peak of $29.28 in December, the altcoin has slipped into a downtrend losing over 56% since then. Amid this negative performance, top crypto analyst Ali Martinez postulates LINK could soon experience some short-term price gain. Related Reading: Massive Chainlink Demand Wall At $6.26 As 90K Investors Buy 376M LINK LINK Recovery Depends On Critical Trendline Support In a recent post on X, Martinez shares a positive technical outlook on LINK hinting the altcoin is likely to experience an upswing. This price forecast is based on a crucial ascending trendline that has acted as price support since mid-2023, ensuring a consistent formation of higher lows and higher highs. Based on the trading chart by Martinez, Chainlink is currently heading for a retest with the identified trendline near the 0.5 Fibonacci retracement level at $12.00. If LINK bulls can induce a sufficient surge in demand at this level, the following price bounce could ignite a bullish reversal. Looking at historical price patterns, such a price rally could drive Chainlink’s price to around $19, which represents the next resistance zone. In the presence of robust buying pressure, the altcoin could even rise as high as $30 suggesting a potential 147% price increase on current market prices. On the other hand, a failure to stay above $12.00 would cause an initial price decline to around $10.00, with the potential to trade as low as $5.00. Related Reading: Bitcoin Taker Buy Volume Witnesses Notable Spike — Is BTC Price Next? Chainlink Integrated Into PayPal’s Ecosystem In other news, prominent American payment platform PayPal Holdings has announced the inclusion of Chainlink in its crypto offerings. In a statement released on April 4, PayPal stated that users will now be able to buy, hold, send, and receive Chainlink and Solana (SOL) on both their PayPal and Venmo wallets. This development marks a significant step in the mainstream integration of LINK which is crucial to driving token demand in the future. In addition to both tokens, PayPal also offers users access to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). At press time, LINK continues to trade at $12.91 reflecting a 0.62% decline in the past 24 hours. On larger time frames, the token maintains a bearish form with losses of 5.03% and 21.81% in the past seven and thirty days respectively. According to data from Coincodex, investor sentiments in the LINK market remain highly bearish with a Fear & Greed Index of 26 signaling near-extreme fear. However, the analysts at this firm foresee a price rebound similar to Martinez’s with a forecast of $15.32 in five days and $17.46 in a month. Featured image from Virtune, chart from Tradingview Crypto Potato

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If XRP Holds This Key Level, Analyst Says 30% Rally Could Happen Next

Ali Martinez (@ali_charts), a well-known crypto analyst on X, recently shared an updated technical view on XRP’s short-term outlook. In a post accompanied by a four-hour chart, Martinez pointed to the $2 level as a decisive support zone. According to him, if XRP can maintain this level, it could lead to a 30% price increase toward $2.6. The chart presents a defined trading channel, with the lower boundary near $2 and the upper resistance line around $2.6. When the chart was published, the digital asset was trading at $2.1297, slightly below the support at $2.13. If $XRP can stay above the key $2 level, a 30% move toward the channel’s upper boundary at $2.60 could be next! pic.twitter.com/tBXV0Y28De — Ali (@ali_charts) April 5, 2025 Upside Scenario Hinges on Holding Support Martinez emphasized that the rebound potential depends entirely on whether XRP can sustain its position above this critical $2 threshold. His chart illustrates previous reactions near this area, showing price consolidations and rebounds following tests below the $2 zone. The asset tested this level a few days before the news broke that the U.S. Securities and Exchange Commission (SEC) had dropped its appeal against Ripple. While the asset experienced a brief rebound from this development, it succumbed to bearish pressure from the broader market and retested the $1.9 level again on April 3. In both cases, the asset quickly recovered. If the support remains intact, it could regain its bullish momentum, with $2.60 being the next technical target. Other analysts share the view that XRP is currently in a critical phase that could determine its trajectory, and Martinez’s projection is based on recurring price behavior within the range. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Previous movements between the boundaries have created a recognizable structure that supports his potential 30% upside scenario. The analysis assumes no breakdown below $2, reinforcing the need for continued defense by buyers at this level. Will XRP Experience a Piece Surge? After posting this bullish outlook, Martinez was questioned by a member of the community for what he perceived as a contradiction. The previous day, the analyst shared a bearish view involving a head-and-shoulders pattern . In response, Martinez explained that effective trading involves analyzing multiple possibilities, not fixed predictions. He pointed out that “nothing is 100%” in trading and clarified that the interpretation depends on how the price behaves relative to the support. If XRP breaks below $2, a decline could follow. If it holds, a rebound becomes likely. He noted that while this may sound like a “50/50” scenario to some, understanding the context and price structure differentiates proper analysis from guesswork. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post If XRP Holds This Key Level, Analyst Says 30% Rally Could Happen Next appeared first on Times Tabloid . Crypto Potato