Will it reach $50 by the end of the third quarter of 2025?
The price of Chainlink (LINK) is gaining strong momentum today, driven by its breakout above key resistance levels and the overall rise in the cryptocurrency market. The price has surpassed a long-term downtrend line, opening the way for higher targets. Accumulation of reserves on-chain reduces circulating supply, enhancing positive expectations. Institutional developments, such as Chainlink's partnership with the Intercontinental Exchange (ICE), further boost its long-term utility. With a focus on the $22.5 level, the key question remains: Can the price of LINK reach its next major target of $50? And if so, when will that happen?
Why is the price of Chainlink rising today?
The price of Chainlink (LINK) is rising today, supported by a mix of technical breakthroughs, supply dynamics, and positive market sentiment. The broader cryptocurrency price surge provides a favorable environment, as the strength of Bitcoin and Ethereum supports major altcoins. LINK has recently surpassed significant resistance levels, indicating renewed bullish momentum. Developments on the network, including strategic reserve accumulation, are also reducing circulating supply, which could create upward pressure on prices.
Institutional adoption also plays a key role, as Chainlink's recent partnership with the Intercontinental Exchange (ICE) has provided high-quality on-chain financial data, a move that enhances its practical utility and positions it as a key player in blockchain infrastructure. The increasing integration between decentralized finance platforms continues to expand the demand base for LINK. These factors combined - strong market sentiment, reduced supply, institutional partnerships, and ecosystem adoption expansion - contribute to today's positive price movement and may pave the way for further gains if momentum continues to increase.
LINK Price Analysis: Will it reach $50?
chainlink price
The price of LINK is trading within a long-term ascending channel, currently approaching the upper midline, indicating strong bullish momentum with room towards $26.46 and possibly higher.
The recent weekly close above the $21.68 level confirmed the breakout from the consolidation area, turning previous resistance into support.
The breakout from the double bottom or W-shaped pattern has proven to rise above the bearish impact.
The stock price moved strongly above the midpoint of the Gaussian channel, showing a shift from the neutral zone to the bullish zone, which often precedes extended bullish moves.
The upper limit of the parallel channel is currently near the $35-36 range, acting as a long-term bullish target if momentum continues, while the lower limit provides strong dynamic support for any corrections.
Based on the current ascending channel and the breakout structure in your chart, here are the price predictions for Chainlink (LINK)
Minimum price Average price Maximum price
Short-term (2 to 4 weeks) from $21.7 to $22 from $23 to $25 from $26 to $28
Mid-term (1 to 3 months) from $24.5 to $26 from $28 to $34 from $32 to $38
Long-term (6 to 12 months) from $28 to $32 from $35 to $36 from $48 to $50
What’s next for the price rise of Chainlink (LINK)?
Upcoming upgrades to the Chainlink network, including improvements in data flow integration and expanding cross-chain interoperability, are expected to enhance its role in decentralized finance (DeFi), real-world asset tokenization, and institutional adoption. These developments aim to increase transaction efficiency, security, and scalability, attracting more developers and institutional clients to the network.
With increasing adoption, the demand for LINK tokens used in storage operations and service payments is likely to rise, reducing supply and supporting price increases. With the current bullish momentum, these upgrades could push the price of LINK towards $26.46 in the short term, $31-32 in the medium term, and possibly $35-36 in the longer term.
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