The Chainlink (LINK) cryptocurrency is up 13% in the last seven days, signaling a resurgence in price and investor interest in the altcoin. Volume is increasing, volatility is picking up, and LINK may be on its way to reclaiming $16. Could it hit the mark as soon as this week?
LINK is up following its announcement of a new partnership with credit card provider Mastercard. Now back above $13, investors hope that July will prove bullish. The current price charts for the Chainlink cryptocurrency reveals a promising pattern. Indeed, LINK bulls are looking at $12.80 as a new lower resistance, hinting that LINK’s bottom is getting higher. As a result, the window for growth is going, and Chainlink could target a range in the $14-$16 area in a matter of days.
Meanwhile, other Chainlink (LINK) analysts are even more bullish. Crypto analyst Henry Lord of Alts says that Chainlink has endured months of downtrend and silence, but a structural shift is now underway. His analysis highlights that the long-standing downtrend has been broken, and LINK has entered a clear accumulation and consolidation phase. “These zones often come before the loudest moves,” Henry notes in a post to X. “If this kicks in, a breakout toward $25–30 wouldn’t be surprising for me.” LINK’s price now sits above the 50-day simple moving average (SMA), acting as short-term support at $13.50. If this holds, it could spur a rally for the Chainlink (LINK) cryptocurrency entering July like many analysts forecast.
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Chainlink is also making moves on the whale front, with large crypto holders moving around their LINK holdings. Last weekend, one token unlock saw 17.875 million LINK worth $149 million deposited into Binance, fueling the transfer surge further. The timing of these whale moves aligns with a broad market sell-off, which led to $458 million in crypto liquidations. Typically, the whale’s moves hint at bullish optimism for a crypto asset. As a result, investors are hoping that LINK has bottomed out and could be preparing for a sharp breakout
Usually very conservative, analysts at CoinCodex back up the idea of LINK surging this summer. While the analysts don’t project LINK hitting $14 by July, they forecast the asset to reach that mark come August. “According to our current Chainlink price prediction, the price of Chainlink is predicted to rise by 3.95% and reach $ 13.89 by July 29, 2025.” By the end of this week, the analysts project a falloff for LINK back towards $13.15.
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