- Social spikes have often marked local LINK tops, followed by corrections of 37–57%.
- LINK is testing $26–$30 resistance, with higher lows and strong EMA support.
- A breakout above $30 could unlock a run toward $52, but sentiment warns of a pullback.
Chainlink has a way of catching traders off guard, whether pumping higher than expected or suddenly correcting. According to analyst Ali (@ali_charts), one of the strongest signals of a potential correction doesn’t even show up on the charts—it shows up in social media hype. When optimism on X or Telegram spikes, LINK tends to form local tops soon after. His data shows it clearly: in December, heavy bullish chatter was followed by a 57% drop. March and May saw the same story, with LINK falling 37% and 49% after social sentiment peaked.
The takeaway is that the crowd usually shows up late. By the time sentiment goes euphoric, most of the rally has already played out, leaving little upside before a reversal. It’s less fuel for the fire and more of a warning sign. Which leads to the obvious question—are we about to see the same thing happen again? Ali’s point is compelling, but price action doesn’t yet confirm that a sharp correction is right around the corner.
A Bullish Case Emerges
Not everyone is convinced a drop is coming. Analyst MoonBitz (@MoonBittz) takes the opposite view, arguing that LINK looks stronger than ever. He points to four things: LINK is pressing into the $26–$30 resistance zone, wallet growth is climbing to yearly highs, Chainlink Data Streams are expanding into stocks and ETFs, and the chart itself is forming a rounded cup pattern with consistent higher lows since June.
His chart highlights a large cup structure, with price now testing that purple demand zone at $26–$30, an area that previously acted as tough resistance. The steady higher lows suggest bulls are quietly gaining control. The 50-day EMA, sitting around $18.87, has held strong through the summer, reinforcing the bullish setup.
What Comes Next for LINK
For MoonBitz, a clean break above $30 could set the stage for a bigger run—possibly all the way to $52. With fundamentals expanding and the technical structure holding, he believes the trend leans more bullish than bearish. Still, it’s a tug-of-war. Traders who watch sentiment see danger signs flashing, while those studying the chart see opportunity.
LINK’s next move will likely depend on which side of the story plays out first. If social buzz proves right, a pullback could be near. If the chart wins, Chainlink may be on the edge of a breakout that carries far higher. For now, traders are caught between two very different signals—and whichever one proves correct could decide LINK’s path for the rest of the year.
