Chainlink Analyst Predicts 3-Digit Surge with Wave 3 in Action 

• Chainlink is in Wave 3 and could hit $230 based on Fibonacci projections.  
• Current price near $18.39 offers potential for significant growth ahead.  
• The chart suggests strong upward momentum with resistance near $31.87. 

Renowned market analyst “Charting Guy” has shared a detailed Elliott Wave analysis for Chainlink (LINK) on Twitter, projecting a monumental climb to a three-digit valuation. According to the chart published on February 9, 2025, LINK is currently in Wave 3, a phase typically associated with strong bullish momentum in Elliott Wave theory. With an all-time high (ATH) still on the horizon, this analysis sets an ambitious minimum target that resonates with LINK’s growing potential.  

Wave Structure and Fibonacci Levels: Decoding LINK’s Roadmap

The chart meticulously outlines LINK’s price journey through multiple waves, revealing a corrective Wave 2 bottoming out around $13.72 before initiating the explosive Wave 3 rally. The Fibonacci extensions used in the chart provide precise projections for potential resistance and support levels. The 1.618 Fibonacci level, commonly seen as a Wave 3 target, is set at $230.028, suggesting a sharp surge in LINK’s price action.

Additionally, the interim resistance levels are marked by key retracement zones. The 0.618 level at $27.77 and the 0.786 level at $31.87 are likely pivotal points in the short term as LINK progresses through the subwaves of Wave 3. Current market data places LINK at $18.395, indicating a breakout potential of over 1,000% if the projected wave structure holds.

Historical Context: The Path to Bullish Expansion

Analyzing the chart further, LINK experienced a primary Wave 1 peak above $53 in 2024, followed by a deep Wave 2 correction retracing close to the 0.618 Fibonacci level. This correction phase coincides with Elliott Wave principles that suggest a period of accumulation before an impulsive Wave 3 begins.

The chart also marks a significant Wave 5 target aligned with the 2.618 Fibonacci extension at over $350, further bolstering the triple-digit valuation narrative. This projection underscores a long-term bullish sentiment, provided LINK maintains its adherence to the wave structure and critical support levels.

Community Response and Market Implications

The tweet has sparked widespread interest among LINK enthusiasts and traders alike, garnering over 34,000 views and hundreds of engagements. Notably, users on the thread have humorously speculated about LINK’s future, with one user quipping, “12x by the fall… nice,” while another remarked, “Trump has invested in LINK. Pretty bullish.”

The high engagement reflects growing confidence in Chainlink’s market fundamentals and its potential to disrupt decentralized finance (DeFi) and oracle services. However, as always, traders are advised to remain cautious of unforeseen macroeconomic factors and market volatility that could deviate from the predicted wave pattern.

Bottom Line: High-Risk, High-Reward Play?

Charting Guy’s analysis paints an optimistic picture for LINK, with Wave 3 setting the stage for a parabolic move. If LINK follows the Elliott Wave roadmap, investors could witness one of the most significant rallies in the altcoin market. The projected levels are ambitious but rooted in technical analysis, making LINK a token to watch closely in 2025.

While the allure of triple-digit valuations is undeniable, traders should approach the market with strategic risk management, given the volatile nature of cryptocurrencies. After all, even a 50% realization of this target would represent a remarkable ROI for LINK investors.