Chainlink (LINK) has spiked 82.5% since the beginning of July, marking its most impressive quarterly performance since Q1 2021. Currently priced at $24.50, the cryptocurrency is approaching a crucial resistance level at $25.30. A monthly close above this threshold would signify LINK’s highest price point since October 2021, potentially paving the way for further gains.
The technical analysis suggests a strong bullish sentiment, highlighted by a substantial cup-and-handle pattern that has developed over a span of 45 months, roughly equating to 1,370 days. This formation is nearing confirmation, adding to the anticipation. LINK has successfully reclaimed its position above both the 25-month and 50-month moving averages, further reinforcing the positive trend in its market performance.
Forecasts indicate that LINK could have long-term price targets as high as $125, suggesting an astounding potential rally of 415% from its current valuation. Analysts are also noting short-term price targets, with trader Javon Marks identifying $47.15 as a key level of interest, which implies a possible 90% upward movement in the near term. Beyond that, Marks sees the possibility of reaching $88.26—representing more than a 255% increase from current prices.
Supporting this bullish outlook, on-chain data reveals that the reserves of LINK on exchanges have diminished to 158 million tokens as of September 15, marking the lowest point since June 2022. A decrease in exchange supply is typically interpreted as reduced selling pressure, which could further amplify the token’s upward momentum.
The argument for a $100 LINK is gaining traction, bolstered by the increasing institutional adoption of real-world asset (RWA) tokenization and Chainlink’s dominance in the blockchain oracle sector. Recent reports indicate that Chainlink has joined forces with UBS and DigiFT for a pilot program in Hong Kong aimed at automating operations related to tokenized funds. This initiative seeks to optimize processes such as subscription, redemption, and settlement of tokenized products, underscoring Chainlink’s vital role in bridging traditional finance and blockchain technology.
Chainlink’s oracle network also remains a market leader, securing over 83% of Ethereum’s total value secured (TVS) and around 67-68% of the overall oracle market. It currently protects more than $93 billion in on-chain value and has facilitated transactions worth $25 trillion to date, supporting over 2,000 active data feeds. The network also operates its Cross-Chain Interoperability Protocol (CCIP) across more than 60 blockchains, with data stream throughput surging by 777% in the first quarter of 2025.
With about 6% of LINK’s circulating supply staked and the momentum behind RWA tokenization—which itself is a burgeoning $66 billion market—Chainlink’s utility appears strong, potentially setting the stage for its target of reaching $100 in the future.
