- Chainlink ended January up 15%, reversing early-month losses, with analysts predicting a major rally ahead.
- Resistance at $25–$26 is key; a breakout could see LINK surge past $34, with some forecasts targeting $48 by May.
- LINK trades above $24, down 2% weekly, but technical indicators suggest strong bullish momentum ahead.
Chainlink (LINK) began 2025 sluggishly, casting doubt on price forecasts. Despite this, bullish sentiment remains. Analysts see strong indicators of an impending rally. January ended with LINK gaining 15%, reversing early-month losses. Now, February could bring more green candles.
One analyst, Realmabbaskhan, took to Binance Square to highlight Chainlink’s potential. He believes a major rally is brewing. According to him, the asset’s technical indicators point to a strong upside.
“Looking at the 4-hour chart, LINK is showing strong bullish momentum. The next big move could push prices well above $30,” he said. His analysis notes that LINK is currently trading above both the 20 EMA ($24.27) and 200 EMA ($23.37). Historically, reclaiming the 200 EMA has led to sharp price surges.
Further reinforcing the bullish case, Realmabbaskhan highlights a pattern of higher lows. This suggests steady accumulation before a breakout. The Chainlink network’s continued integration with major financial institutions and expanding tokenization efforts could drive demand.
Chainlink’s Resistance Levels and Potential Breakouts
Resistance at $25–$26 has held firm before. However, analysts suggest that a breakout above this zone could see LINK surge past $34 rapidly. Crypto price prediction site CoinCodex shares this optimism. They project LINK to reach above $32 in February, a 27% increase from its current price.
Beyond February, if LINK clears the $25 resistance, projections become even more bullish. Analysts predict a move to $41 within a month. If momentum holds, LINK could hit $48 by May—an 88% surge from today’s level.
At press time, Chainlink trades at just above $24, slipping 2% over the past week. A short-lived correction last week dented its gains, but LINK is already recovering. A run to $35 would mark a 44% increase from current levels, reinforcing the growing bullish sentiment.
