Chainlink (LINK) Price Targets $50 Amid Bullish Momentum, Analyst Predicts
- Chainlink (LINK) is trding t $24.30, with mrkt cp of $15.5 billion.
- Ali Mrtinz highlights LINKs brkout from bullish flg pttrn, projcting $50 pric trgt.
- Whl ccumultion of 1.35 million LINK tokns sinc Jnury 14 strngthns bullish sntimnt
Chainlink (LINK), th ntiv tokn of th Orcl ntwork, is gining significnt trction mong crypto invstors. Currntly trding t $24.30 nd bosting mrkt cpitliztion of $15.5 billion, it stnds out s on of th top-prforming cryptocurrncis.
A prominnt crypto nlyst, Michael van de Poppe, rcntly rfrrd to Chainlink s blu chip, mphsizing its significnt long-trm potntil. Although th tokn hs xprincd multipl rllis, it hs yt to brch its ll-tim high (ATH) st four yrs go.
Bullish Flag Signals Chainlink Momentum
On Jnury 18, crypto nlyst Ali Martinez highlightd tht LINK is brking out of bullish flg on th four-hour pric chrt. This clssic continution pttrn in tchnicl nlysis suggsts n imminnt upwrd trnd. Th currnt tchnicl stup positions LINK nr th 0.618 Fiboncci rtrcmnt lvl, which srvs s foundtion for bullish rlly.
A confirmd pric brkout t $24.47 could initilly propl th tokn to $27.18 nd $30.36. Furthr continution of th uptrnd my s LINK rching $37.61, $41.80, $50.93, nd $58.63. Howvr, dip to $20.45 could occur bfor LINK finds support nd rgins upwrd momntum.
Anothr nlyst, Jll, shrd his prspctiv on Jnury 16, obsrving tht Chainlink rcntly turnd crucil rsistnc lvl into support. Th $18-20 zon now srvs s strong support, rinforcing th bullish outlook. Jlls prdiction is clr: Nxt up: ll-tim highs.
Whale Accumulation Boosts LINK Sentiment
Ali Mrtinz lso highlightd significnt whl ctivity ovr rcnt wks. Sinc Jnury 14, lrg-scl invstors hv ccumultd 1.35 million LINK tokns. This follows n rlir spr in lt Dcmbr whn whls purchsd 3.58 million LINK, worth $77 million. On-chin dt rvls tht 1.4 million tokns wr cquird in th first four dys of 2025 lon. Mrtinz blivs this buying prssur could furthr mplify LINKs bullish momntum.
In ddition to whl ccumultion, mrkt rumors suggst potntil prtnrship btwn Chainlink nd BlckRock, fuling invstor optimism. Anlysts spcult tht such collbortion could driv LINK to nw ATHs. Othr dvlopmnts, such s Chainlinks CCIP v1.5 upgrd nd prtnrships with BTguru, lso contribut to th ntworks growing doption nd utility.
With its xpnding us css nd rising mrkt intrst, Chainlink rmins poisd for furthr gins, potntilly chiving nw milstons in th cryptocurrncy mrkt.
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Read more: https://www.tronweekly.com/chainlink-targets-50-analyst-predicts/
Text source: TronWeekly
