Chainlink price forms risky pattern but expert predicts a rebound in 2025

Chainlink price has experienced a major reversal in the last two weeks, but a top crypto analyst expects the price to rise in 2025.

Chainlink (LINK) fell 35% from this year’s high to $20.25 on Monday, December 30. This decline is in sync with Bitcoin and other cryptocurrencies, which have lost billions in value this month.

Leading crypto expert Michael van de Poppe, who has more than 748,000 followers on X, said in an X post that Chainlink’s uptrend is just beginning. He believes that the coin is currently seeking higher lows and its valuation in terms of Bitcoin remains significantly undervalued.

Request 02 – $LINK

The rise has begun.

It is now looking for a higher bottom but Chainlink’s valuation against Bitcoin is still very low.

I expect a lot of upside to come for LINK in 2025. pic.twitter.com/RBccFUf7oD

— Michaël van de Poppe (@CryptoMichNL) 30 December 2024

Donald Trump’s World Liberty Financial has chosen Chainlink to offer oracle solutions. The organization also purchased LINK tokens worth approximately $2 million today.

Chainlink continues to play a vital role in the crypto industry by providing oracles to major Decentralized Finance networks such as AAVE (AAVE) and Compound (COMP). It has also become a major player in the Real World Asset tokenization industry through its Cross-Chain Interoperability Protocol.

Additionally, Chainlink recently launched the Cross-Chain Token Standard, a decentralized framework that enables streamlined asset transfers. It has already integrated popular tokens such as Shiba Inu and Floki into the network.

In a report published Monday, Chainlink revealed that its network has processed over $18.2 trillion in transactions since 2022. It has also processed 15.7 billion verified on-chain messages and established new partnerships with firms such as Vontobel and UBS.

Chainlink price may fluctuate Chainlink price chart | Source: crypto.news

The four-hour chart shows that LINK price rose as high as $31,045 earlier this month and has been in a gradual downward trend since then. It rose to the 50% Fibonacci Retracement level and broke below the 50-period Exponential Moving Average.

Most importantly, Chainlink price formed a head and shoulders formation, which is a common reversal signal. The current price is located at the neckline of the H&S chart formation. Historically this pattern usually precedes further downside movement.

As a result, the coin may continue to fall, with sellers targeting the next key support at $18, the 61.8% retracement point. A move below this level could push LINK towards the psychological support level of $15.

Although Chainlink’s outlook for 2025 remains bullish, its performance will largely depend on the overall direction of the crypto industry.