Chainlink (LINK) is trading around $22 after gaining almost 10% over the past week. Daily price movement shows a slight dip, while trading volume stands near $950 million.<\/p>\n
Attention is now on whether LINK can continue its climb toward $47, a level that matches the highs of 2021.<\/p>\n
Analyst Ali Martinez shared a 3-day chart showing LINK moving inside an ascending parallel channel since 2023. The price action is holding above $20, which aligns with the 0.786 Fibonacci retracement level. Staying above this zone gives room for further gains.<\/p>\n
Notably, the projection marks potential steps toward $29, $35\u2013$39, and then $46 at the 1.272 Fibonacci extension. That level also meets the top line of the channel. Martinez wrote,<\/p>\n
$47 could be next for Chainlink $LINK<\/a>! https:\/\/t.co\/N2QWDZNiIB<\/a> pic.twitter.com\/HNjRP9Kyp2<\/a><\/p>\n \u2014 Ali (@ali_charts) October 2, 2025<\/a><\/p>\n\n EtherNasyonaL pointed<\/a> to LINK breaking above the middle band of the channel. The asset is now consolidating above this level, which has historically served as a pivot point for past moves.<\/p>\n If LINK holds above this band, the chart shows a possible move toward the upper boundary of the channel. The next heavy resistance remains the 2021 all-time high supply zone between $47 and $52. Support has firmed in the $18\u2013$20 area after a successful retest.<\/p>\n <\/a>Source: EtherNasyonaL\/X<\/p>\n Additionally, on-chain activity is also expanding. Martinez noted<\/a> that 1,963 new addresses joined the network on October 1. Data from DeFi Llama reports that total value secured (TVS) in Chainlink has reached $66 billion, up from $25 billion in April this year.<\/p>\n Meanwhile, this increase in adoption strengthens Chainlink\u2019s position in decentralized finance and may support higher price levels if momentum continues.<\/p>\n LINK is trading near $22 on the 4-hour chart, where the EMAs 20, 50, 100, and 200 have converged. This tight cluster of moving averages marks an important decision zone, with a clear break above or below likely to set the next short-term direction.<\/p>\n <\/a>Source: TradingView<\/p>\n The MACD indicator has given a slight bearish crossover with a red histogram. The momentum is likely to lose its strength, indicating sideways movement or a pullback will be seen merely before another breakout attempt.<\/p>\n Outside of technical analysis, Chainlink continues to penetrate<\/a> the real-world asset space, with partnerships involving global institutions such as Swift, DTCC, Euroclear, UBS, and BNP Paribas.<\/p>\n The post LINK Rally: Can Chainlink Break Toward $47 Soon?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Chainlink (LINK) is trading around $22 after gaining almost 10% over the past week. Daily price movement shows a slight dip, while trading volume stands near $950 million. Attention is now on whether LINK can continue its climb toward $47, a level that matches the highs of 2021. Technical Setup Signals Higher Levels Analyst Ali […]<\/p>\n","protected":false},"author":0,"featured_media":101994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-101993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101993"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=101993"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/101994"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=101993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=101993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=101993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Channel Structure and All-Time High Zone<\/h2>\n
Short-Term Market Signals<\/h2>\n
![<\/a>Source: EtherNasyonaL\/X<\/p>\nAdditionally, on-chain activity is also expanding. Martinez noted<\/a> that 1,963 new addresses joined the network on October 1. Data from DeFi Llama reports that total value secured (TVS) in Chainlink has reached $66 billion, up from $25 billion in April this year.<\/p>\nMeanwhile, this increase in adoption strengthens Chainlink\u2019s position in decentralized finance and may support higher price levels if momentum continues.<\/p>\nShort-Term Market Signals<\/h2>\nLINK is trading near $22 on the 4-hour chart, where the EMAs 20, 50, 100, and 200 have converged. This tight cluster of moving averages marks an important decision zone, with a clear break above or below likely to set the next short-term direction.<\/p>\n<\/a>Source: TradingView<\/p>\nThe MACD indicator has given a slight bearish crossover with a red histogram. The momentum is likely to lose its strength, indicating sideways movement or a pullback will be seen merely before another breakout attempt.<\/p>\nOutside of technical analysis, Chainlink continues to penetrate<\/a> the real-world asset space, with partnerships involving global institutions such as Swift, DTCC, Euroclear, UBS, and BNP Paribas.<\/p>\nThe post LINK Rally: Can Chainlink Break Toward $47 Soon?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Chainlink (LINK) is trading around $22 after gaining almost 10% over the past week. Daily price movement shows a slight dip, while trading volume stands near $950 million. Attention is now on whether LINK can continue its climb toward $47, a level that matches the highs of 2021. Technical Setup Signals Higher Levels Analyst Ali […]<\/p>\n","protected":false},"author":0,"featured_media":101994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-101993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101993"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=101993"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/101994"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=101993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=101993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=101993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/G2QViagWQAIlxUZ.png\"){kind=link}
![<\/a>Source: TradingView<\/p>\nThe MACD indicator has given a slight bearish crossover with a red histogram. The momentum is likely to lose its strength, indicating sideways movement or a pullback will be seen merely before another breakout attempt.<\/p>\nOutside of technical analysis, Chainlink continues to penetrate<\/a> the real-world asset space, with partnerships involving global institutions such as Swift, DTCC, Euroclear, UBS, and BNP Paribas.<\/p>\nThe post LINK Rally: Can Chainlink Break Toward $47 Soon?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Chainlink (LINK) is trading around $22 after gaining almost 10% over the past week. Daily price movement shows a slight dip, while trading volume stands near $950 million. Attention is now on whether LINK can continue its climb toward $47, a level that matches the highs of 2021. Technical Setup Signals Higher Levels Analyst Ali […]<\/p>\n","protected":false},"author":0,"featured_media":101994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-101993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101993"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=101993"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/101994"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=101993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=101993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=101993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/LINKUSD_2025-10-03_14-25-30.png\"){kind=link}