- Chainlink eyes a major breakout toward $47.15
- A 90% rally is possible if key resistance is cleared
- $88.26 could be the next big target if bullish trend continues
Chainlink (LINK) is gaining momentum again, and analysts are eyeing a potential price surge. After showing strong support around the $24–$26 range, LINK is now aiming for a significant level — $47.154. This price point is being described as a “magnet,” meaning the market might naturally gravitate toward it due to previous price action and psychological significance.
A move to $47.15 would represent a 90% increase from current levels. For traders and investors, this signals strong bullish sentiment and a possible continuation of the upward trend.
Why $47.15 Matters for LINK
The $47.15 level isn’t random — it was a major resistance point during the 2021 bull run. Breaking above this zone would not only restore confidence in LINK’s long-term potential but could also lead to a price discovery phase, where higher levels come into play quickly.
If LINK successfully closes above $47.15, market analysts believe the next target could be $88.264 — a staggering 255% increase from where the token is now. This makes LINK one of the most closely watched altcoins in the current market cycle.
What Needs to Happen Next
For this bullish scenario to play out, Chainlink must sustain strong buying pressure. Key technical indicators like trading volume and RSI (Relative Strength Index) are being monitored closely. Any positive news, such as new partnerships or increased adoption of Chainlink’s oracle services, could accelerate the price surge.
However, as always in crypto, nothing is guaranteed. Traders should watch for confirmation signals before entering positions and manage their risk accordingly.
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