- An analyst highlights ChainLink’s bullish phase and potential to achieve a $130 new all-time high in 2025.
- ChainLink’s demand and market dynamics point toward significant long-term growth, supported by favorable conditions and strong resistance levels.
ChainLink (LINK) is generating headlines as it trades at its highest level since January 2022, boosted by strong market sentiment and rising demand.
LINK is trading at about $29.55 at the time of writing, having gained 2.35% over the last 24 hours and 16.32% over the last 7 days. Traders and analysts both have noticed this bullish momentum since they see the present price action as the beginning of a notable rally.
Crypto Analyst Highlights LINK Bullish Potential and Key Targets
Renowned crypto analyst Alan Santana noted on TradingView the quite favorable market dynamics for LINK. Santana claims LINK has overcome important levels of resistance, which today provide great support. Regarding this combination, the action is 100% bullish.
This marks simply the beginning of a significant bull period, Santana noted. The expert underlined that demand is clear despite somewhat low trading volume since buyers clearly want long-term ownership.
Santana pointed to LINK’s next resistance levels—$32 and $35—identifying them as the instant targets in its increasing direction. Beyond these levels, the analyst described more price targets, with $47 and $61 as the next major resistance zone, followed by bold estimates of $82 and $100.
Thanks to good market circumstances and robust demand across cryptocurrencies, Santana observed that LINK’s ultimate aim for this bull market can reach a new ATH as high as $130. Drawing on the early phases of the bull market and the possibility for significant returns by 2025, he advised, “The best strategy right now is to buy and hold.”
Complementing the positive sentiment, Crypto News Flash (CNF) prior report showed that record-breaking institutional interest supports ChainLink’s surge. With Open Interest for LINK at $770 million, LINK clearly shows rising asset confidence.
