• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Chainlink (LINK) Poised for Major Breakout: Analysis Suggests 8x Increase

user avatar

by Giorgi Kostiuk

3 months ago


Chainlink's price analysis by technical analyst CW shows a consistent price pattern since 2018, indicating potential for significant growth.

Current Channel Structure Analysis

The current price analysis of LINK focuses on an ascending channel formation that has governed its price action since 2018. CW notes that LINK has yet to cross the middle line of the channel, a critical threshold historically preceding significant price movements.

Potential and Projections

CW explains that breaking through the middle line can initiate an explosive rise. Historically, crossing the middle threshold has consistently led to dramatic upward movements. The analyst expects the move to reach the channel's upper boundary, with price targets ranging from $140 to $180, which represents roughly an 8x increase from current levels.

As it breaks through the middle line, an explosive rise will begin.CW

Analyst's Final Thoughts

The long-standing pattern since 2018 makes CW's analysis particularly interesting. This channel has demonstrated reliability in predicting LINK's major price movements. The analyst suggests that the current setup mirrors previous patterns that preceded substantial rallies.

CW's technical analysis presents a compelling case for LINK's potential upside, but it is crucial to note that the exact price target depends on when LINK reaches the channel's upper boundary due to its ascending nature.

0

Share

Other news

Why Peter Schiff Created a Bitcoin Reserve and Accepts Donations

Peter Schiff now accepts Bitcoin donations for a reserve valued under $5,000, sparking discussions.

user avatarGiorgi Kostiuk

a minute ago

Superchain Interoperability: A New Era of Blockchain Technology

Superchain addresses blockchain fragmentation, enabling seamless data and asset chain interoperability.

user avatarGiorgi Kostiuk

a minute ago

Rise of DDoS Attacks: A Dominant Cyberwarfare Tool

Netscout reports a 12.7% rise in DDoS attacks in 2024, marking their dominance in political conflicts.

user avatarGiorgi Kostiuk

2 minutes ago

UK Trade Bodies Urge Starmer to Appoint Crypto Envoy

Trade bodies urge Starmer to appoint a crypto envoy for better digital industry ties.

user avatarGiorgi Kostiuk

2 minutes ago

Stablecoin Regulation: A Step Towards Structured U.S. Crypto Market

The U.S. Financial Services Committee approved a stablecoin bill, potentially transforming the crypto market and investor confidence.

user avatarGiorgi Kostiuk

3 minutes ago

Key Price Levels to Watch for Dogecoin, Shiba Inu, and Solana

An analysis of critical support and resistance levels for Dogecoin, Shiba Inu, and Solana amid market uncertainty.

user avatarGiorgi Kostiuk

3 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.