Technical analysis by kostadeking about Symbol LINK on 11/2/2025

Chainlink is currently consolidating within a neutral accumulation range between $15.5–18.9, showing clear volatility compression on declining volume. The chart structure combines a downtrend channel, Fibonacci retracement, and a projected volatility cone, all converging toward a potential breakout window around mid-November. A daily close above FIB 0.236 could trigger the next wave toward $19.9; $21.9; $23.3. While on the other hand, losing $15.5 would likely send LINK back into a deeper correction. RSI and EMAs are still neutral, so patience is key here. Sibos conference (Nov 4–5) could be the catalyst that wakes the price up, especially if Chainlink or partners reveal new integrations or institutional news. Right now, it’s all about patience — volatility is loading, and this looks like the calm before the storm. Breakout > $18.9 Breakdown < $15.5