Chainlink (LINK) asserts its dominance with a bullish momentum, driven by significant whale accumulation and deep integration with AI. As the price targets $40, discover the driving forces behind this trend and capitalize on it.
Chainlink ‘s price is attracting increasing attention as it continues to advance within a clearer market structure. Buyers maintain control on the daily timeframe, with LINK price heading toward higher values and key Fibonacci levels. Whale accumulation and adoption drivers reinforce the bullish setup.
Indeed, Chainlink’s price is progressing inside an ascending channel, showing a series of higher lows and defined resistance levels. Currently, Chainlink’s price is hovering around $23. Support remains visible around $22.50, with buyers targeting objectives near $30 before extending toward the Fibonacci extension of $40. LINK’s price has already overcome short-term obstacles, suggesting further upside strengthening if the retest of $24 holds strong.
With a bullish divergence on the 4H RSI and a trendline liquidation freeing up long positions to the south, LINK is well-positioned to move toward the resistance zone between $27 and $29 in the coming weeks.
This price zone could, in the short term, offer a slight correction down to the demand area at $25.30 before targeting $40 and beyond in the coming months. If LINK maintains the $23 level, this bullish scenario becomes increasingly probable.
In just 48 hours, whales accumulated 1.25 million LINK, supporting conviction through market flows. Simultaneously, Chainlink announced its integration with PublicAI, strengthening the network by merging oracle data with prediction systems powered by AI. This convergence between growing utility and whale accumulation creates a unique situation beneficial for LINK’s price.
In summary, Chainlink’s price is on solid footing, supported by whale accumulation and new AI-driven expansion. The chart structure and indicators firmly point toward continued upward movement, making $40 an achievable target in the coming weeks. While minor corrections may occur, they are unlikely to disrupt the long-term bullish trend. Overall, LINK appears poised for a decisive advance rather than a retreat.
LINK is therefore preparing for a rise of nearly 100% in the coming weeks.
Bitget is a platform of choice for investing in Chainlink (LINK), thanks to its competitive fees and advanced tools like GetAgent, the AI trading assistant. Here’s a 4-step guide to buying LINK and optimizing your investments:
GetAgent advantages: This AI tool analyzes volumes, support/resistance levels, and on-chain data to optimize your purchases. With LINK’s current momentum, GetAgent can identify ideal entry points, especially during technical retests like the one at $24. A progressive accumulation strategy over 2-3 weeks is recommended to capitalize on the expected increases.
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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