An analyst from platform X has pointed out that the price of LINK could soon surpass historical barriers towards the $100 level. The charts show strengthened support areas that could lead to explosive bullish movements allowing for acceleration.
Historical periods of compression tend to release energy drastically, and LINK seems to be caught in one currently. Resistance around $30 has hindered gains in the past, but the new accumulation suggests that this could change.
Institutional inflows, along with consolidated price structures, inspire confidence that buyers will be able to maintain high positions. Therefore, the price prediction for Chainlink in 2025 increasingly points towards a bold rise that will reach triple digits.
In the weekly chart, the current price of LINK is trading around $24.23, near the Fibonacci extension of 1.618, approximately $23.69. The Money Flow Index (MFI) is trending upwards at 79, indicating a strong capital inflow into the token.
Price action is still trapped in a wedge, and this type of tightening usually leads to sharper movements once it breaks. Resistance is at $28 and support is around $18.82 and $12.80.
As long as prices remain above 20, the odds of a bounce towards 31.57 are much higher. Therefore, the technical context supports the possibility of a bullish extension after relief from pressure.