Forecasting the price of Chainlink(LINK) for the 2025-2026 season

Chainlink price data (LINK) for the period of 2023–2024:
Year High Low Close
2023 $17.63 $8.20 $14.93
2024 $30.81 $8.17 $20.04
1. Calculate Pivot Point (Yearly Classic)
Pivot Point (P) = (High + Low + Close) / 3
• 2024 Pivot:
P_{2024} = (30.81 + 8.17 + 20.04) / 3 ≈ \$19.67
2. Calculate the standard support/resistance levels (Classic):
• R1 = 2P – Low = 2×19.67 – 8.17 ≈ $31.17
• R2 = P + (High – Low) = 19.67 + (30.81 – 8.17) ≈ $42.31
• R3 = High + 2×(P – Low) = 30.81 + 2×(19.67 – 8.17) ≈ $51.00
3. Fibonacci extension levels (Extensions)
Based on the range (High – Low) = 30.81 – 8.17 = $22.64
• Fib 1.618 Extension:
Target ≈ P + 22.64×1.618 ≈ 19.67 + 36.61 ≈ $56.28
• Fib 2.618 Extension:
Target ≈ 19.67 + 22.64×2.618 ≈ 19.67 + 59.27 ≈ $78.94
4. Summary of the forecast target levels:
• Basic pivot (Yearly): $19.67
• R1 (Classic-yield): $31.17
• R2 (Classic): $42.31
• R3 (Classic): $51.00
• Fib-extension (1.618): $56.28
• Fib-extension (2.618): $78.94
5. Explanation & Meaning
• $31–$42: These are short-term/mid-term resistance levels if the price of LINK builds and holds above the Pivot.
• $51: R3 level – a strong resistance level for the next bull run.
• $56–$79: If the market ( or LINK) has a strong bounce, this area could be a long-term target extension, especially in a strong bullish cycle similar to previous boom periods.