
Chainlink (LINK) Market Analysis: October 13, 2025
2025-10-12
Price
$19.07▲ 10.78%
Summary
Fundamentally, Bitcoin's Golden Cross retest, BNB's status as an undervalued blue chip, and Zcash's rapid recovery suggest strong market resilience. While the announcement of tariffs on China by US President Donald Trump triggered a sharp market decline, analysts maintain that the long-term impact on fundamentals is limited. Technically, LINK shows a bullish MACD crossover, fueling recovery expectations despite a neutral short-term outlook. The overall market bias is assessed as neutral to slightly bullish, navigating recent volatility and trending towards recovery.
Fundamentals
・Bitcoin Retests Golden Cross, Analysts Predict Bull Run Based on Historical Patterns
Based on historical data, Bitcoin is retesting a bullish technical pattern known as the "Golden Cross," which has previously preceded parabolic rallies. Such patterns were observed leading to gains of 2200% in 2017 and 1190% in 2020. If Bitcoin, currently trading around $11,400, can sustain this level, it could potentially trigger further price appreciation. This optimistic outlook is expected to stimulate investor buying interest, serving as a catalyst for Bitcoin's price increase.
・Bitcoin Targets Liquidity Around $114,000 as Traders Bet on BTC Price Rebound
The Bitcoin market is eyeing a surge towards $114,000 ahead of the weekly close, with traders anticipating a price rebound for BTC in the coming week. Despite a significant $19 billion liquidation event, the bullish uptrend for Bitcoin is expected to remain intact. This analysis suggests underlying buying pressure persists despite short-term market fluctuations, potentially bolstering the recovery and upward trajectory of Bitcoin's price.
・BNB Hailed as "Most Undervalued Blue Chip" by CEO; Token Hits New All-Time High
The CEO of CEA Industries described BNB as "the most undervalued blue chip in the market," stating that its recent record high reflects the market finally recognizing its long-underrated fundamentals. This assessment underscores strong confidence in the reliability and future potential of the BNB network, potentially attracting interest from both institutional and retail investors, and leading to increased demand and price appreciation for BNB.
・Crypto Market Plunge Triggered by Trump's 100% China Tariff Announcement, Traders Claim
Many traders attribute Friday's sharp crypto market downturn to US President Donald Trump's announcement of a 100% tariff on China. Santiment noted this is typical behavior where market participants identify specific events as catalysts during sell-offs. While this news amplified short-term market volatility, analysts suggest it will have no long-term impact on the market's fundamentals.
・Market Crash Has "No Impact on Long-Term Fundamentals," Analysts Say
Friday's sudden market crash, which saw some cryptocurrencies plunge by 95% in under 24 hours, is not indicative of a long-term bear market or deteriorating fundamentals, according to analysts. The crash is attributed to a confluence of short-term factors, including excessive leverage and risk appetite, coupled with President Trump's tariff announcement. This perspective aims to temper potential overreactions to the short-term dip and reassure investors.
・"Highly Likely to Be the Beginning of a Crypto Bull Run," Say Traders
Traders suggest that Friday's sharp crypto market downturn might actually be the early stage of a bull run. Some view selling now as potentially "the dumbest thing they could do," a sentiment echoed by Samson Mow of Jan3. This bullish outlook could improve market sentiment and encourage further buying activity.
・Zcash Recovers to Pre-Crash Highs Following Crypto Market Rout
Zcash (ZEC), a privacy-focused Layer 1 coin, fully recovered to its pre-crash levels, hitting a new recent high of approximately $291 on Saturday after Friday's market crash. This demonstrates ZEC's price resilience and its ability to rebound quickly from market turmoil. Such strong performance could enhance confidence in ZEC relative to other altcoins and attract potential investors.
・Bitcoin, ETH, and Altcoin Markets Show Signs of Recovery from Friday's Steep Drop
Following the market crash accompanied by approximately $20 billion in leveraged liquidations on Friday, Bitcoin, Ethereum, and other altcoins are showing signs of recovery. Bitcoin, in particular, is attempting to rally towards $114,000 ahead of the weekly close, with traders anticipating a price rebound next week. Ethereum has shown relatively resilient performance compared to other altcoins, raising expectations for overall market stabilization and recovery.
・Investigation Links 100k BTC Hyperliquid Whale to Former BitForex CEO Amid Fraud Scandal
An on-chain investigation has revealed that a mysterious whale holding over 100,000 BTC on Hyperliquid is linked to Garrett Jin, the former CEO of the exchange implicated in a fraud scandal involving BitForex. While this information enhances transparency regarding the actions of large holders, it simultaneously points towards potential illicit activities, possibly increasing scrutiny from regulators and investors.
【Overall Summary】
The cryptocurrency market experienced a significant downturn over the past weekend, triggered by President Trump's China tariff announcement, although the impact on long-term fundamentals is considered limited. Leverage liquidations and panic selling by some investors exacerbated the decline. However, Bitcoin is showing bullish technical indicators, including retesting the Golden Cross, and analysts are forecasting the potential start of a bull run. The new all-time high for BNB and Zcash's swift recovery highlight market resilience and persistent confidence in specific assets. Future market movements will likely depend on macroeconomic trends alongside the fundamental and technical performance of individual cryptocurrencies.
Chart Analysis
Technical Analysis
The RSI is at 46.8, remaining in the neutral zone, indicating neither overbought nor oversold conditions.
A bullish crossover is forming on the MACD, a positive sign signaling strengthening upward price momentum. Meanwhile, the Bollinger Bands are trading within the bands, staying clear of extreme levels.
The trend is neutral (strength: 0.0); however, the MACD's bullish crossover could potentially override this, suggesting potential for upside within the range. This combination indicates a consolidation phase before a potential range breakout.
Key Price Levels
The key support level is the recent low of $17; holding this level is crucial for short-term price stability.
The immediate resistance is the recent high of $24. A break above this level could open the path towards the psychological $25 level, and potentially higher towards the $30s.
The breakout level is confirmed above $24, and the breakdown level below $17. Take-profit targets are around $24-$25, while reasonable stop-loss points are below the $17 support or near $15.
Risk Analysis
Geopolitical risks, such as the announcement of a 100% tariff on China by US President Trump, triggered the sharp decline. Excessive leverage and panic selling acted concurrently, but analysts believe the impact on long-term fundamentals will be limited. The key support level is the recent low of $17; breaching this level heightens the risk of further downside. Moving forward, attention should be paid to geopolitical news, regulatory developments, and sudden shifts in market sentiment.
Outlook
Short-term (24-48 hours): LINK may hold the $19 support level and attempt a rally towards its recent high of $24, supported by a bullish crossover on the MACD.
Mid-term (1 week): A breakout above $24 is conceivable if the retest of Bitcoin's "Golden Cross" proves successful and the broader market trend continues to recover. However, with a trend strength reading of 0.0, the possibility of remaining within a range persists.
Key catalysts to watch include macroeconomic indicators, movements among major cryptocurrencies, and fundamental developments for specific coins.
Conclusion
The market experienced a sharp decline driven by geopolitical factors and leveraged liquidations, yet the prevailing sentiment suggests strong resilience with limited fundamental impact. Bitcoin's re-test of a "Golden Cross," BNB's new All-Time High (ATH), and Zcash's recovery signal the market's robustness.
Chainlink (LINK) shows a bullish MACD crossover, but a neutral RSI and zero trend strength indicate a potential for range-bound movement. Based on the overall market recovery sentiment and technical signals, our short-term bias remains neutral to slightly bullish.
Our recommended action plan involves buying the dip in the $17-$18 zone. The near-term target is $24-$25, with a stop-loss placed below $17 (or around $15). Key focus points this week include Bitcoin's ability to hold $114,000 and the evolving geopolitical landscape.
While strategies like holding near $19, targeting a breakout above $24, or shorting on a break below $17 are viable, buying the dip presents the most favorable risk-reward profile. Traders should remain cautious of sudden sentiment shifts and maintain strict position size management. The market is showing resilience, offering opportunities for disciplined traders to capitalize on.
*This article is for informational purposes only and does not constitute investment advice or recommendations. Cryptocurrency investments carry high price volatility risks. Please make investment decisions at your own discretion and responsibility.