Chainlink (LINK) has climbed in value over the past year, up over 130% since September 2024. However, the token’s growth has slowed this past month, raising questions among analysts about the coin’s price performance. At press time, LINK is trading at $25, riding an 11% rally this week in line with the surging crypto market. Several crypto analysts are forecasting these gains to continue exponentially, perhaps granting LINK a 100% rally in value.
Recently, Chainlink LINK added 43,034.62 LINK to its reserve, pushing total holdings to 280,048.69 LINK. The move reinforced confidence in the network’s long-term sustainability and drove even more trading activity around the coin. Indeed, investors have responded positively, viewing this buildup as a sign of confidence in future growth.
In addition, another bullish flag that is sending LINK higher is its partnership with crypto prediction platform Polymarket. The two are joining forces to launch 15-minute crypto price markets featuring near-instant settlement and industry-leading security. The news sent LINK higher on Friday, adding to the existing string of bullish partnerships that Chainlink has secured. LINK has started to gain momentum after the announcement of its recent partnership with SBI Japan, as well as Chainlink’s partnership with the US Government to put economic data on-chain.
Also Read: Polymarket, Chainlink Partner to Upgrade Prediction Platform
Chainlink to $52? Is it Possible in 2025?
Chainlink’s weekly chart shows a well-defined cup and handle pattern, often seen as a bullish continuation signal. The breakout above $22 has confirmed the formation, with LINK now consolidating near $25. A key resistance level lies between $28 and $32, and if these points are breached, higher targets become possible. If this bullish momentum holds, LINK’s price chart projects a potential move toward $52 in the medium term, setting a new all-time high for the crypto coin.
Beyond $52, crypto analyst Ali Martinez suggests LINK is forming a bull flag pattern and can even blow past that price. Targeting $26 as a lower resistance, LINK could very well surpass $30 soon, should it stay on this pattern, per the analyst. Martinez stated that “the next move for Chainlink $LINK could send it toward $100.” Of course, that is a very bullish forecast from current price levels, marking growth of almost 400%. However, the moderate near-term forecast of LINK to $30 seems very likely within the month, and can set the stage for $52 by the end of 2025.
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