Chainlink (LINK) has demonstrated its most impressive quarterly growth since early 2021, soaring by 82.5% in Q3. This significant price surge is supported by a robust technical formation known as a cup-and-handle pattern, which suggests a potential rally towards the $100 to $125 price range.
Presently trading near $24.50, LINK faces critical resistance around $25.30. A monthly close above this level could confirm the breakout, marking its highest point since October 2021.
This upward momentum is anchored by a long-term cup-and-handle chart pattern spanning approximately 45 months, or about 1,370 days, signaling strong bullish sentiment. The neckline resistance sits close to $25.30, and breaking through it could foster a substantial rally.
Key Highlights:
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LINK price surged 82.5% in the third quarter, its strongest quarterly increase since Q1 2021.
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The 45-month cup-and-handle pattern points to a long-term price target near $125.
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Institutional adoption of real-world asset tokenization (RWA) and Chainlink’s dominance in oracle services back a $100 and higher price target.
Market analyst Javon Marks identifies $47.15 as a near-term target, representing a 90% potential increase, followed by $88.26, suggesting gains exceeding 255% from current prices.
Onchain data complements this optimistic outlook. Exchange reserves of LINK have fallen to 158 million tokens as of mid-September, marking the lowest supply on exchanges since June 2022. This reduced availability often signals decreased selling pressure and reinforces the bullish trend.
Chainlink’s increasing utility is further fueled by partnerships like the recent collaboration with UBS and DigiFT in Hong Kong to automate tokenized fund operations. This initiative highlights Chainlink’s crucial role in bridging traditional finance with blockchain innovation.
Moreover, Chainlink maintains significant oracle market share dominance, securing over 83% of Ethereum’s total value secured and approximately 67-68% of the entire oracle market. This infrastructure supports transactions valued at over $25 trillion, and Q1 2025 saw data streams throughput surge by 777%, underscoring rapid adoption.
With around 6% of LINK’s circulating supply staked and RWA tokenization markets growing, Chainlink’s trajectory towards $100 per token appears increasingly supported by both technical and fundamental factors.
Investors should remain aware that all investment decisions carry risks. This article does not constitute financial advice. Conduct your research before trading.
