The cryptocurrency market has certainly struggled over the past few weeks. With geopolitical concerns rising and a US trade war brewing, cautious traders seem to dominate the market. However, you can set a turnaround for one cipher. In fact, ChainLink can jump to $20. Experts say a bullish reversal could come amid Link’s latest 4% drop.
This asset struggles alongside some of the biggest tokens in the market. In fact, Bitcoin was stuck at the $84,000 level on Tuesday, under 1%. However, if critical support can be held for ChainLink, things can be set up to change quickly for the assets.
ChainLink faces key turning points: why links are on the $20 upside and the $10 downside
For much of 2025, tariffs and brewing trade wars have ruled the year. Macroeconomic factors could not be separated from stagnant financial markets as investors were looking for signs of life. Unfortunately, uncertainty is the only promise in the country’s economic frailty.
However, the data still drives potential turnarounds on the horizon. One of the cryptocurrencies that focused on was ChainLink. This allows you to enjoy a bullish turn towards the $20 mark despite a 4% drop on Tuesday.
According to CoinmarketCap, Crypto has now dropped by more than 9% over the last 30 days. However, it trades at the $12.36 mark, which means it has risen more than 11% last week before its reversal within the last 24 hours. According to one analyst, the $12 mark is important to where the link moves on.
This diagram shows important Fibonacci retracement points as assets are currently integrated. It is true that it is in the mares, a 60% decrease from 60% to 60% height since December 27th. If support is not retained, it could fall below $10. Specifically, it could threaten a low of $7.50.
Investors say Chainlink is currently suffering from bearish feelings. Still, there is still hope. Daily trading charts of assets show bullish reversal patterns on falling wedge signals. Additionally, if a breakout occurs from your current location, the link could be $24 in the short term.
