Chainlink’s LINK has gone up by more than 65% in the last 4 days. That move alone has caught attention, but analysts say this could just be the beginning. According to crypto analyst Ali, the price of LINK might still go much higher if one key condition is met.
In a post on X, Ali explained that LINK still has a clear path to $46 if it can stay above the $13 support level. That would be more than three times its current price. Ali shared a chart showing how LINK bounced strongly from the $13 zone and is now forming higher lows in an upward trend. He believes that as long as $13 holds, the road to $46 is wide open.
@ali_charts / X Weekly Indicators Show Strong Buy Signal
It’s not just Ali who sees a bullish setup. Technical data from Investing.com also shows that LINK is flashing a strong buy signal on the weekly chart. Below are the key indicator readings and what they mean:
Indicator Value Action RSI (14) 52.828 Neutral: Price is stable Stochastic (9,6) 56.487 Buy: Momentum is starting to build MACD (12,26) 0.1 Buy: Bullish signal is showing ADX (14) 28.968 Buy: Trend is getting stronger Williams %R -39.355 Buy: Price has more room to rise Ultimate Oscillator 50.676 Neutral: No strong momentum yet ROC 16.632 Buy: Fast upward movement
Most indicators are pointing to a “Buy” right now. Only a couple are neutral, and none are signaling “Sell.” This supports the idea that LINK is in a good position for more upside.
Moving Averages Also Support a Bullish Move
The weekly moving averages are another sign that LINK could keep going up. These averages show how the price is behaving over time, and all of them currently suggest a buy.
Moving Average Simple Exponential MA20 14.67 (Buy) 15.87 (Buy) MA50 15.96 (Buy) 15.68 (Buy) MA100 15.14 (Buy) 14.90 (Buy) MA200 12.97 (Buy) 13.64 (Buy)
Every single moving average is giving a buy signal. Even the MA200, which shows the long-term trend, is now bullish. This means the upward momentum is not just short-term.
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Chainlink is showing signs of strength across the board. The price just jumped over 65% in four days. Ali believes LINK could reach $46 if it stays above $13. Technical indicators and moving averages are all lining up to support that idea.
As long as LINK holds its current level and momentum stays strong, this could be the start of a bigger breakout.
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The post Chainlink (LINK) Could Be Set for 3.5x Spike If This Key Level Holds appeared first on CaptainAltcoin.
