Link's projected value soars towards $52, bolstered by a double bottom pattern that promotes a positive investment perspective.
Chainlink (LINK), the popular decentralised oracle network, is currently trading at around $22.37 as of April 15, recovering from recent lows and showing bullish technical signals. Analysts maintain a positive outlook for Chainlink, citing bullish chart patterns such as a double bottom and an inverse head and shoulders pattern.
A double bottom pattern has formed on the Chainlink price chart, signaling strong support. This pattern, combined with an inverse head and shoulders pattern, often precedes bullish price action. The double bottom pattern suggests a potential rally toward Chainlink's previous record high of $52.
However, most near-term forecasts do not show LINK breaking the $36 resistance yet, with price predictions for the remainder of 2025 generally ranging between approximately $16 and $27.
The Chainlink Reserve, the network's treasury, has been actively accumulating LINK tokens. It recently purchased 44,109 LINK tokens valued at over $1 million, adding to its total holdings of more than 109,662 LINK, worth approximately $2.6 million. This consistent accumulation by the same entity introduces additional buying pressure beyond retail market activity.
The ongoing bullish sentiment and institutional support for Chainlink continue to strengthen its position in the cryptocurrency market. The latest purchase and institutional accumulation could potentially contribute to Chainlink breaking past the $36 resistance level.
If Chainlink successfully breaks past the $36 resistance level, it could unlock significant gains toward its all-time high. This breakout could confirm sustained bullish momentum for Chainlink. The $36 level was last reached in 2022 and, if Chainlink surpasses this point and successfully retests it as support, analysts believe the path toward $52 would become more likely.
However, a highly ambitious price prediction by crypto analyst Rekt Fencer projects LINK could surge as high as $250–$400 by the end of 2025, which would far exceed $52. This is an outlier forecast and significantly more speculative than the consensus outlook.
In summary, the near to medium-term technical and fundamental analysis supports a cautiously bullish outlook with potential to exceed $30 if resistance at ~$26.86 is cleared. However, Chainlink breaking the $36 resistance and reaching its prior high of $52 is not broadly predicted in the current 2025 price forecasts. Longer-term or highly speculative projections suggest much greater upside but carry considerably more uncertainty.
- The Chainlink Reserve, a key entity within the network, has been actively purchasing LINK tokens, with a recent acquisition of 44,109 tokens worth over $1 million.
- Despite the double bottom and inverse head and shoulders patterns in the Chainlink price chart, most analysts predict LINK not breaking the $36 resistance yet, with price predictions ranging between approximately $16 and $27.
- If Chainlink surpasses the $36 resistance level and successfully retests it as support, analysts believe the path toward $52, the crypto's previous record high, would become more likely.
