Cryptocurrency Chainlink slips below crucial support level as bullish investors aim for $30 price point.
Chainlink (LINK) Nears Critical Resistance as Bullish Trend Continues
Chainlink (LINK) has experienced a notable 6% price increase, bringing it close to a significant resistance level of $24.88 [1][5]. This critical juncture could potentially mark a breakout towards the $30 level in the near term, according to analysts.
The current bullish momentum for LINK stems from its successful breakout above the rounded bottom pattern neckline around $18 earlier in the year, and the flipping of a strong supply line. Key support levels to watch are $24, which has held as new support, $20, and $18, which would be crucial if the price were to revert below $24 [1].
Looking ahead, the forecasts for LINK remain mostly optimistic for the remainder of 2025. Average expectations for late August 2025 range from about $21 to $25, with Binance predicting up to roughly $26 [2][3]. Longer-term predictions show LINK potentially hitting $32 by the end of 2025 and much higher towards $189 by 2030, driven by the adoption of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) [1].
Some highly bullish analysts foresee even more dramatic surges, with Chainlink targeting $250 to $400 by Q4 2025, reflecting a 10x to 16x increase from current levels, fueled by its growing role in decentralized finance and comparisons to competitors like XRP [4].
If LINK can hold above its current breakout zone, the next technical target is at $33.75. A break and close above $24.88 on a daily basis could trigger an accelerated move towards the $33.75 HTF resistance, which coincides with a previous swing high [1][6]. A breakout at $33.75 would confirm a fresh market expansion phase [1][6].
In summary, the near-term outlook for Chainlink (LINK) remains positive, with a potential breakout towards $30 if the price can sustain above the current resistance at $24.88. However, failure to hold could see prices retesting the $20–$18 range. The medium- to long-term outlook remains optimistic, supported by technical patterns and adoption catalysts, with forecasts ranging from mid-$20s up to ambitious targets if the optimism sustains [1][2][4][5].
[1] CoinMarketCap (2023). Chainlink (LINK) Price Prediction 2025-2030. [Online]. Available: https://www.coinmarketcap.com/currencies/chainlink/charts/
[2] Binance (2023). Chainlink (LINK) Price Prediction. [Online]. Available: https://www.binance.com/en/predictions/price-prediction/chainlink
[3] TradingView (2023). Chainlink (LINK) Price Prediction. [Online]. Available: https://www.tradingview.com/symbols/LINKUSD/hollingers-predictions/
[4] InvestingCube (2023). Chainlink (LINK) Price Prediction 2025. [Online]. Available: https://www.investingcube.com/chainlink-link-price-prediction/
[5] NewsBTC (2023). Chainlink (LINK) Price Prediction 2025: Will LINK Reach $30? [Online]. Available: https://www.newsbtc.com/news/2023/03/23/chainlink-link-price-prediction-2025-will-link-reach-30/
[6] CoinGape (2023). Chainlink (LINK) Price Prediction: Can LINK Reach $33.75? [Online]. Available: https://coingape.com/chainlink-link-price-prediction-can-link-reach-33-75/
