Chainlink (LINK) may move to $100 in case (a) crypto markets experience strong bullish momentum (b) LINK moves pasts $30-33 which is its 38.2% Fibonacci level (c) LINK experiences strong adoption. Once these conditions are in place, LINK might clear former ATH at $52, and move to $100.
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.
September 15th, 2024 – As 2025 is near, there are interesting evolutions in the crypto space: from continued accumulation of Bitcoin’s by MicroStrategy to the proverbial ‘trop is enough‘ when it comes to political influences in the decentralized blockchain space. 2025 will be a fascinating year for blockchain, crypto is not dead, on the contrary. How great will 2025 be for crypto markets, and particularly for Chainlink?
The majority of analysts are bullish on Chainlink
Many are aligned with this view on Chainlink:
Chainlink is among the most undervalued protocols in crypto.
Disgustingly undervalued.
Higher.
The question comes up – when is a blockchain protocol undervalued?
In other words, what is the most objective valuation methodology in the absence of a standard valuation methodology?
You got our point.
While Chainlink may be experiencing adoption, which we can clearly see is true, the point remains that LINK requires a bullish momentum environment in order to perform well in terms of price.
One angle we like a lot, as we look into the concept of valuation and adoption, is the forward looking angle.
As explained in this 2025 crypto narrative, it might be the #tokenization becomes the next big thing… maybe. Chainlink is positioning itself in this space, and hitting the next narrative, ultimately, will be the most important driver for success in LINK’s token price.
Is tokenization a “giant leap” for securities? As the NY Fed posed the question, Brazil, China, Germany, India, and the UAE saw positive blockchain developments. Moreover, Swift outlined plans for settling digital asset transactions.
This week’s onchain finance news ↓… pic.twitter.com/FemJeM6MYz
— Chainlink (@chainlink) September 13, 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).
Note – Be careful with the ‘over the top’ price predictions which characterize social media. Convincing views like “the price of LINK will explode to $1,000” are based on sentiment and a need to collect subscribers and likes. There is no real information to suggest that LINK will get to $1,000, or even $250. A $100 price, however, is possible with time, a breakout, and support for the wider market and the specific industry.
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.
September 15th, 2024 – The ABCD pattern which we identified when we first wrote this article, in February of 2024, is still in the cards. We would even say that the case for an ABCD is stronger than ever before! LINK is consolidating exactly in our predicted buy the dip area. It may gather strength in this area to attack its 50% and 38.2% Fibonacci levels.
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 can lead to a more sustained breakout.
We think that once the $16.91 figure is broken through, $22.6, $29.9, and $54.0 will be tested.
September 15th, 2024 – The previous points were written in February 2024. Interestingly, that analysis is still highly accurate as markets are going through the seasonally weak period of Aug/Oct 2024.
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. The market as a whole is currently bullish, the segment is up and coming, and the coin is nearing the top of the horizontal trading zone, not the bottom.
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 – $16.91 for over 80 days. It’s in a good segment/sector (oracles, data) which we are very bullish on. And 2025 is set to be a great year for altcoins.
September 15th, 2024 – The crypto market is on track to consolidate in 2024, and, in doing so, gather strength for 2025. A crypto bull market may reasonably be expected in 2025. LINK is well positioned to capitalize on the next phase of the crypto secular bull market.
Buying and holding LINK is a good option – but you might also want to consider high ROI tokens in winning sectors, with exact entry/exit positions. LINK delivered 10x to our premium members in 2020 when we recommended it, and we feel that we have equivalent 10x tokens at hand. 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.
