Chainlink (LINK) Primed for $98 Surge as Analysts Flag Bullish Breakout Signal

Oracle network's token shows strength as technicals align for potential upside.

Chainlink's LINK token is flashing bullish signals that could propel it toward the $98 level, according to market analysts. The decentralized oracle network's native asset appears to be consolidating before what technical traders describe as a textbook breakout pattern.

Key indicators suggest accumulation phase ending

On-chain metrics show whales increasing positions while retail traders remain skeptical—a classic setup that's burned crypto investors before. 'When the so-called 'smart money' starts buying while Twitter screams 'scam,' that's usually your cue,' noted one hedge fund manager who requested anonymity.

Just don't tell the SEC we're calling it 'investment advice'

The potential move comes as Chainlink continues expanding its real-world asset integrations, though skeptics counter that crypto's favorite oracle solution still trades more on hype than utility. Either way, traders are positioning for volatility—because in crypto, the only certainty is that someone's about to get rekt.

TLDR

• The Chainlink price is approaching a potential breakout supported by long-term technical patterns.
• Analyst Ali Charts expects a rally toward $98 if key resistance levels are cleared.
• The Chainlink Reserve has accumulated 65,550 LINK worth $1.4 million at an average price of $16.83.
• Reduced market supply is increasing the potential for strong upward momentum in the Chainlink price.
• A breakout above $21.6 could lead to targets of $31.8 and $52.3 before aiming for $98.

The chainlink price is nearing a decisive moment as technical and on-chain data align for a potential breakout. Market activity shows consistent accumulation by the Chainlink Reserve, reducing available supply and supporting upward pressure. Analysts highlight that the tightening range could soon trigger a significant multi-leg rally.

Chainlink Price Targets $98 on Breakout

A symmetrical triangle pattern has shaped the Chainlink price since 2021, indicating a potential strong move upon resistance clearance. Analyst Ali Charts stated, “A break above $24 could open the way for a long-term uptrend.” The first target in his analysis stands at $31.8, the 0.786 Fibonacci retracement level.

If this target is surpassed, the chainlink price could advance toward $52.3 in the following consolidation stages. Historical market trends show that similar setups often unfold with pauses between upward moves. Therefore, each breakout stage could reinforce bullish sentiment and maintain momentum.

The analysis’s ultimate target is $98, which WOULD require several retests of major resistance levels. This projection is based on historical patterns in which post-accumulation rallies delivered substantial percentage gains. Technical configurations remain supportive of such a long-term bullish trajectory.

Accumulation Strengthens Supply Pressure

The Chainlink Reserve has accumulated 65,550 LINK, valued at $1.4 million, with an average cost of $16.83. This consistent purchase activity has tightened market liquidity and gradually reduced tokens available for trading. Analysts suggest that continued accumulation could further intensify the supply squeeze.

Scarcity often contributes to price increases when demand remains steady and market participants anticipate higher valuations. Previous accumulation phases in Chainlink have preceded strong upward price moves. As a result, the current buying trend may catalyze future gains.

Market data also shows that reduced exchange balances often create competitive bidding among buyers. Once a breakout occurs, this environment can accelerate the Chainlink price movement. Therefore, the alignment of accumulation and technical patterns adds weight to the bullish outlook.

Breakout Levels and Market Outlook

A breakout above $21.6 could initiate the path toward the first major target of $31.8. Subsequent stages could then push the Chainlink price toward $52.3 before challenging the long-term projection of $98. Each stage would likely involve periods of consolidation, allowing traders to reposition.

Analyst Ali Charts emphasized that the tightening trading range increases the probability of a decisive MOVE in the coming weeks. The combination of strong technical positioning and limited market supply continues to shape an optimistic outlook.