Chainlink to $47? The Galaxy’s Juiciest Chart

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Chainlink (LINK) is hovering around $22, having joyfully added nearly 10% in the last seven days, as if the market woke up and decided to be a hero for once. Daily moves read like a polite sigh, while trading volume keeps its shoes on at around $950 million. 🚀

The universe-the one with the hitchhiking guide and a suspiciously persistent hitchhiker’s fee-now wonders if LINK can keep climbing toward $47, a number that last resembled a high-water mark from the ancient era known as 2021.

Technical Setup Signals Higher Levels

Analyst Ali Martinez has drawn the map with such care that even a Vogon would consider it elegant: a 3-day chart showing LINK moving inside an ascending parallel channel since 2023. The price action sits above the sacred $20 line, which aligns with the 0.786 Fibonacci retracement-the financial world’s equivalent of a lucky rabbit foot. Stay above this zone, and the universe allows for further gains, probably with more fanfare than a towel sale on a holiday planet. 🧙‍♂️

Projected steps? Oh yes: toward $29, then $35-$39, and then a glamorous $46 at the 1.272 Fibonacci extension, which also kisses the top line of the channel. Martinez puts it plainly: “$47 could be next for Chainlink $LINK!”

“$47 could be next for Chainlink $LINK!”

– Ali (@ali_charts) October 2, 2025

Channel Structure and All-Time High Zone

EtherNasyonaL notes that LINK is breaking above the middle band of the channel and is now consolidating in a space where history has often parked its car before a move. If the price holds above this band, the chart hints at a move toward the upper boundary of the channel. The next solid wall of resistance remains the 2021 all-time high supply zone between $47 and $52. Support, meanwhile, has established itself in the $18-$20 neighborhood after a retest that went smoother than a coffee spill in a data center.

On-chain activity is also blooming like a particularly optimistic fern. Martinez notes 1,963 new addresses joined on October 1. DeFi Llama reports total value secured (TVS) at $66 billion, up dramatically from $25 billion in April. A sign that people are actually using this stuff beyond clever memes and questionable jokes. 📈

All of this adoption swagger could help Chainlink maintain higher prices if momentum sticks around long enough to finish its tea and a few bookkeepers’ arguments.

Short-Term Market Signals

In the 4-hour chart, LINK hovers near $22 with EMAs 20, 50, 100, and 200 all converging in a meeting called “We need a decision.” That tight cluster forms a decisive zone: break above or below could set the next short-term direction, like a door that can either be opened with enthusiasm or slammed with bureaucratic gusto. 🚪

The MACD has produced a faint bearish crossover with a red histogram, suggesting momentum might wobble, maybe take a little side quest before attempting another breakout. In plain terms: expect a pause, or a nibble-and-nudge, rather than a full-on sprint to the stars. 🌒

Outside chart-porn, Chainlink continues to poke its nose into the real world, partnering with global institutions like Swift, DTCC, Euroclear, UBS, and BNP Paribas. The kind of collaborations that make you slightly suspicious if you’re not into decentralized finance, but also hopeful that your coffee might someday be integrated into a blockchain smart contract. ☕🤖

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2025-10-03 21:26