Why Chainlink can hit $102 sooner than you realize: Key reasons

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Key Takeaways

Well, here we are, folks. Chainlink (LINK) has decided to take center stage in the world of altcoins, and let me tell you, it’s looking like a real contender. Forget all the noise for a second and focus on the facts: LINK is on the rise, and it’s got some impressive backing behind it.

Chainlink [LINK] has recently been making headlines. No, it’s not the latest tech craze, but it sure is shaking things up with some bullish news.

First, there’s the partnership with Japan’s SBI Holdings. Yes, Japan – the land of sushi and anime. And don’t forget the Bitwise Chainlink ETF filing, which is pretty much the stock market equivalent of a high-five for Chainlink.

Oh, and let’s not forget about LINK’s spot in the Chainlink reserve – because when you’re talking about the long-term sustainability of a network, that’s like saying, “Yeah, we’ve got this in the bag.”

And speaking of bags, bringing macroeconomic data onto the blockchain, thanks to the U.S. Department of Commerce, has investors’ interest piqued. You know, just casually having the U.S. government involved. No big deal.

But wait, there’s more! (We’ve all heard that before, right?) Long-term price action? Yep, that’s got a symmetrical triangle pattern on it. Basically, a chart geek’s dream.

Crypto analyst Ali Martinez spotted this nifty little triangle and pointed out that if LINK breaks out from this pattern, we might see something special. I’m talking parabolic gains. That’s right, folks, the price target is $102. Buckle up, this might get fun.

The outflow of LINK from exchanges? Let’s just say it’s not a “sell everything” scenario. A solid 5.34 million tokens were withdrawn just in the last 24 hours. That’s what we call accumulation, folks. A good sign for anyone holding LINK.

LINK is likely to reach the $31 and $40 price targets

Let’s dive into the weekly chart, where you can see LINK’s market structure looking more bullish than a Monday morning coffee.

Since mid-2023, when the price shot past $8, LINK has been on an impressive ride. The rally from $8.08 to $30.94 in 2024 was like watching a rocket launch – and now it’s gearing up to break even higher. Fibonacci retracement levels suggest $36.33 and $45.07 are on the horizon. Sounds nice, right?

The moving averages are glowing with bullish momentum, and the OBV (On-Balance Volume, for the chart nerds) showed steady buying pressure in 2024. But, as with any good story, a slight setback in 2025 was expected.

And then, the 1-day chart. Oh, the 1-day chart! It’s breaking through market structures like a bulldozer through a cardboard box (okay, maybe not *that* dramatic). Key swing points? $15.43 and $27.87. The $21.87 level is the minor low, but let’s just focus on the positive for now.

Technical indicators? Check. Buyer strength? Oh yeah. All signs point to a potential LINK rally. Get ready for it.

But remember, bulls need to defend that $23.40 level in the coming days to keep the momentum. So, fingers crossed that the upward trajectory continues.

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2025-09-15 00:17