Chainlink (LINK) Shatters Multi-Year Resistance—$35 to $100 Price Surge Imminent
Chainlink just ripped through a multi-year pattern like it was yesterday's news—traders are now eyeing a staggering $35 to $100 price target. No more sideways boredom; the oracle giant’s breakout has crypto buzzing.
Why the frenzy? LINK’s technicals finally caught up with its fundamentals. After years of teasing, the token’s chart structure now screams bullish. Forget ‘slow and steady’—this is crypto, where patience is punished and FOMO pays.
Of course, Wall Street won’t notice until LINK hits $200—then they’ll call it a ‘discovery.’ Until then? Keep stacking.
- Chainlink price surges 33.15% weekly and 8.93% in 24 hours, trading at $21.13 with $14.33B market cap.
- Whales accumulate over $150M in LINK, signaling long-term bullish confidence and strengthening market momentum.
- Breakout from multi-year triangle pattern sets sights on $35–$100 targets, with some eyeing $230 if momentum continues.
Chainlink (LINK) is embarking on a stunning bullish run that has attracted shorter-term traders and longer-term speculators. The token behind the decentralized oracle system has appreciated 8.24% within the past 24 hours, and its performance over the last week is more impressive, having appreciated 33.15%.
Currently, LINK is trading at $20.95, supported by a 24-hour volume of $2.64 billion and a market valuation of $14.33 billion. The current price movement is maintaining its ranking as one of the highest-performing major altcoins this month.
Whales Buy $150 Million in Chainlink
Prominent crypto analyst Ali Martinez noted that the rise is supported by strong whale accumulation. Since two weeks ago, deep-pocketed investors have accumulated above 8.10 million LINK, valued at above $150 million, which is a positive signal towards the long-term prospects of the asset.
Chainlink Breaks Pattern, Price Targets $35–$230 Ahead
Aiding the bullish thesis, Crypto Patel also noted that chainlink has supposedly escaped a multi-year triangle formation on the bi-weekly (2W) timeframe after years of basing.
The breakout has excited prospects for a significant jump in the present cycle, and primary support levels lie at $16–$17. Support above this range could open the door to $35, $50, and even $100 over the coming months.
Chainlink’s Insane growth is on the heels of renewed focus towards blockchain infrastructure play, where the protocol’s roles as a bridge between on-chain smart contracts and off-chain data are increasingly becoming a necessity towards DeFi, tokenization, and bringing real-world assets on-chain.
If sustained buying pressure is sustained, LINK could be gearing up for one of its strongest cycles during the course of the marketplace since the 2020-2021 surge.
Chainlink Derivatives Activity Signals Rally
Chainlink (LINK) has observed a rapid increase in market activity, where Open Interest increased 13.90% to $1.24B as bulls increased positions, and spot volume increased 2.05% to $2.96B, providing a boost to liquidity. Such a confluence of increased OI and volume tends to be a harbinger for greater future price movement.
The OI-weighted funding rate is 0.0125%, showing minor bullish bias without over-leverage. Such well-balanced positioning can keep rallies going should momentum persist, and since OI and volume are up, LINK’s target on the upside is still achievable.
