- Crypto Tony predicts a LINK drop to $19.80-$21 if below $12.60.
- Bull flag pattern suggests a potential rise to $35-$40.
- Community divided on short vs. long strategies.
Crypto Tony’s Bold Short Call on LINK
Renowned crypto analyst Crypto Tony has stirred the market with a bold prediction for Chainlink (LINK), suggesting a short position below $12.60 with a target range of $21 to $19.80. Shared on X, the analysis includes a chart highlighting a potential downward trend, contrasting with recent bullish sentiments surrounding LINK. The move has sparked a flurry of reactions, with traders debating the validity of the call given Chainlink’s recent consolidation and historical patterns.
Bull Flag Formation Suggests Upside Potential
The chart, sourced from TradingView, shows LINK’s price action over recent months, with a marked decline projected from its current level near $23.45 (as of the latest data). Crypto Tony’s strategy hinges on a bearish outlook, anticipating a drop to support levels around $20. However, this view clashes with alternative analyses, including a noted bull flag pattern suggesting a potential breakout to $35-$40.
The divergence in interpretations has fueled discussions, with some traders like @DocLevente pointing to bullish formations, while others, such as @Degen_Hardy, express caution against shorting altcoins amid possible momentum shifts.
LINK Price at a Crucial Juncture
Community responses on X range from skepticism to outright opposition, with users like @cloudfam9 arguing the chart resembles a classic bull flag, a pattern typically signaling an upward continuation. Meanwhile, @TraderSmity warns that expecting lower prices could be risky given current market dynamics. As of 08:28 AM IST on September 21, 2025, LINK’s price remains a focal point, with traders watching for a decisive move to validate either the short or long thesis.
The debate underscores the volatility of crypto markets, where technical analysis can yield contrasting narratives. Investors are advised to monitor key levels closely, as the outcome could set the tone for LINK’s trajectory in the coming weeks.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
