Chainlink (LINK) may move to $100 in case (a) crypto markets continue to exhibit bullish momentum (b) Chainlink clears resistance at $30-33 which is its 38.2% Fibonacci level (c) Chainlink benefits from institutional adoption.
RELATED – Chainlink (LINK) Price Prediction 2025
Chainlink (LINK) is an oracle-based network with a large number of partnerships. We recommended LINK to subscribers back in 2020 before an epic price surge.
We remain firmly still bullish on LINK, even more so once the $16.91 price point is broken through. It’s been in an established consolidation zone for over 80 days and is currently testing the top. The low and high points have been tested on numerous occasions. The Chainlink (LINK) price is likely to go to $100 in 2025.
December 15th – There are interesting things happening for Chainlink as evidenced by this post:
What winning looks like. pic.twitter.com/hZ6Vk2RGtq
— Chainlink (@chainlink) December 15, 2024
Is Chainlink about to become a winner in the institutional space?
The majority of analysts are bullish on Chainlink
The question comes up – when is a blockchain protocol like Chainlink undervalued?
In other words, what is the most objective valuation methodology in the absence of a standard valuation methodology?
Chainlink is experiencing institutional adoption.
As explained in this 2025 crypto narrative, it might be the #RWA becomes the next big thing. Chainlink is positioning itself in this space, and hitting the next narrative, ultimately, will be the most important driver for success in LINK’s price.
If you are not bullish on $LINK
You need to do your own research very quickly pic.twitter.com/Bkwlfng3Gr— Quinten (@QuintenFrancois) December 14, 2024
The LINK price forecast to $100 loosely corresponds to Ethereum’s price prediction to $10,000, both being roughly a 5x increase. These are reasonable price targets at the heights of the next crypto bull market unlike Bitcoin’s $1m price.
We believe, from a relative perspective, that LINK’s price target of $100 is reasonable if it succeeds in hitting the right narrative(s). And it is currently doing so!
Our take on Chainlink (LINK) price to $100
We take a top-down approach in address the question whether LINK will hit $100 sooner or later.
The weekly chart below signifies an ABCD pattern (AB 2019-2021, BC 2021-2023, CD 2024-2026). It’s important to point out that after the breakout, $16.91 is likely to be rested in 2024. In other words, it’s not simply going to shoot to $100 in a straight line.
While this might seem obvious, new investors can sometimes expect to make ‘straight-line’ returns without adjusting to the market and without specific entry/exit positions.
December 15th – The ABCD pattern which we identified when we first wrote this article, in February of 2024, is playing out exactly as forecasted. In fact, LINK is hitting our stretched targets.
The horizontal range is part of a much wider 18-month consolidation range when you zoom out. This wider view is more relevant as it did lead to a sustained breakout
December 15th – We think that once the $22.6 level is broken to the upside, which happened recently, the next levels to be tested will be $29.9 and $54.0. As seen below, LINK is hitting our 2024 bullish target.
Another point worth mentioning is the invalidation criteria. In this instance, LINK below $12 would invalidate the forecast. However, the possibility of this happening is tiny in our view.
Chainlink (LINK) price to $100? Quite possible
The IH analyst team believes that LINK can reach $100 by late 2025 or early 2026.
LINK has been trading in an established zone between $13 – $23 for over 12 months. This is a great base; as the saying goes ‘the longer the base the higher in space.’
Chainlink plays in a promising segment/sector (oracles, data) which we are very bullish on.
2025 is set to be a great year for altcoins.
December 15th – The crypto market is hot though bifurcated. It looks like the #RWA narrative is getting traction. This bodes very well for tokens like Chainlink. It looks like LINK will hit $100 sooner or later, though not short term.
Buying and holding LINK is a good option, is what we said in the summer of 2024. LINK delivered 10x to our premium members in 2020 when we recommended it. Our LINK call mid-2024 seems to be as solid as the one in 2020. Check our track record hitting crypto multi-baggers.
Disclaimer: This is not financial advice. Please consult with a licensed financial advisor prior to making any investments.
