The Chainlink price has rebounded in the past few months, and its strong technicals and fundamentals point to more upside, potentially to its all-time high of $53. LINK token was trading at $25, meaning that a move to its all-time high is a sign that it may jump by about 105% from the current level.
Chainlink Price Forecast: Technicals Point To More Upside
The weekly chart shows that the LINK price bottomed at $5.20 between 2022 and 2023, where it failed to move below. This was notable since it was between the weak, stop & reverse and the strong, pivot & reverse levels of the Murrey Math Lines.
The coin then staged a strong bullish breakout and moved above the key resistance point at $22.92, its highest swing since March 2024. That level was important because it was the upper side of the cup-and-handle chart pattern, one of the most bullish chart patterns in the market.
Chainlink’s price has remained above the 50-week and 25-week moving averages. It has also jumped above the ultimate resistance level of the Murrey Math Lines. The Relative Strength Index (RSI) and the MACD indicators have risen, pointing to more momentum.
Therefore, the outlook for the LINK price is bullish, with the next point to watch being at $53, its all-time high. The bullish outlook will become invalid if the coin drops below the key support at $15.62, the top of the trading range.
Other cryptocurrency analysts support this view. In an X post, Clifton FX, a popular analyst with over 20k followers, noted that the coin would jump between 500% and 650%. He pointed to a large symmetrical triangle pattern on the monthly timeframe.
Chainlink Adoption Is Growing
The bullish view of the LINK price will be the ongoing ecosystem growth. One of the fastest-growing features is the Cross-Chain Token (CCT) standard, which streamlines token transfers across blockchains using the cross-chain interoperability protocol.
Liquity Protocol, which owns the BOLD stablecoin, adopted the CCT technology, enabling users to transfer it across networks like Arbitrum, Base, Ethereum, and Arbitrum. It also supports popular tokens like Official Trump, Worldcoin, Shiba Inu, and Sonic, formerly known as Fantom.
Chainlink has also increased its partnerships as the Real-World Asset (RWA) tokenization industry grows. It partnered with Fasanara Capital, an asset manager with over $4 billion, to tokenize its assets. Its other recent partnerships include those with Coinbase and Swift. Therefore, there is a likelihood that it will continue growing as the tokenization sector booms.
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