After weeks of consolidation, Chainlink (LINK) has crossed the $24 mark. Technical and on-chain indicators now suggest a massive potential for a +82% uptrend. With whales accumulating and increasing scarcity on exchanges, all signs are pointing towards a new takeoff.
The LINK/ETH ratio is currently approaching a decisive monthly support zone. In the past, this level has triggered a quarterly increase of more than 82% for Chainlink, significantly outperforming ETH’s 28% rise during the same period. This technical indicator therefore constitutes a strong signal to monitor in anticipating Chainlink’s next move.
Although Ethereum benefits from institutional investment flows and limited supply, Chainlink’s bullish momentum remains well established. Indeed, LINK recently successfully broke through the $24 resistance, a key level not tested since the beginning of the year. This breakthrough marks a return to levels seen in the first quarter of 2025 and appears to indicate renewed investor appetite for this cryptocurrency.
On-chain analysis highlights several positive signals for Chainlink. First, activity from whales (holders of more than 1 million LINK) has intensified significantly, with an average of 713 transactions per day. At the same time, the circulating supply has decreased by 20.69 million LINK (-9.8%) over the last eight weeks, indicating a scarcity of liquidity.
These elements suggest that the current momentum is primarily driven by FOMO (fear of missing out) rather than profit-taking. Long-term holders aren’t rushing to sell, which reinforces investor confidence in Chainlink’s potential.
Given these various technical indicators and on-chain metrics, Chainlink appears well-positioned to continue its bullish movement. While successfully breaking through the $24 resistance represents a crucial step, the LINK/ETH ratio suggests that the upside potential could reach 82% in the coming months, significantly outperforming Ethereum. Savvy investors would therefore be well-advised to keep a close eye on this cryptocurrency’s evolution.
Investors are closely monitoring Chainlink. Here’s a guide to capitalize on this imminent surge using Bitget :
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