Chainlink (LINK) is currently trading at $26.03, a 1.08% rise from the day before. Trading volume surged all the way to $3.34 billion, a 39.16% increase in a 24-hour period. Investors are closely monitoring the digital currency, which has held steady above the $26 threshold.
Market observers comment on LINK’s good recent performance. Prices increased by 22.72% during the last week, signaling high mid-term demand. Traders are waiting to see where the next resistance levels are and where a breakdown might occur. Volatility is increasing, and the sentiment on the market is cautiously bullish.
LINK Forms a Falling Wedge Pattern
Crypto analyst Solberg Invest looks at LINK tracing a “falling wedge” formation. This formation has two descending trendlines converging, which is a sign of declining volatility. The higher line links lower highs, and the lower one connects higher lows.
A green support line injects optimism, which is hinting at increasing bullish sentiment. Solberg Invest is forecasting a breakout above the higher trendline. As the pattern progresses, LINK may aim prices ranging between $33 and $38 in the mid-term. Such volume trends are in agreement with the prediction, which implies sustained trading activity.
Chainlink Price Forecast 2025
DigitalCoinPrice believes LINK may increase, perhaps breaking above $52.88, and reaching $57.28 by December of 2025. This may be a record high, spurred on by increased investors and increased usage. Prices fell by a bit in early January, but the overall trend remains bullish.
Changelly is a bit conservative. LINK may drop to $14.94 or climb up to $21.08, they say, with a median price of $27.21. They anticipate a modest gain of 3.1% by August 2025, experiencing brief declines and gains, but some growth nonetheless.
