Chainlink (LINK), the decentralized oracle network that connects smart contracts with real-world data, has caught the attention of crypto analysts. Renowned analyst Michaël van de Poppe recently took to X to share his bullish outlook on LINK. He also expects the cryptocurrency to embark on a new rally towards the $35 mark.
Van de Poppe’s optimism stems from the constant flipping of support and resistance levels at $12 and $16.50. He believes this is a clear indication of buyer strength in the market. Additionally, this technical analysis suggests that Chainlink is poised for significant growth in the near future.
Also read: Dogecoin Is Now In Bullish Territory: Can DOGE Hit $0.5 in April?
Chainlink’s Recent Performance and Market Sentiment
Chainlink has shown notable performance in January, showcasing its ability to thrive in the dynamic cryptocurrency market. However, the asset’s growth has been somewhat muted over the last month, leaving investors eager to see if LINK can regain its momentum and push towards new highs.
Despite currently trading significantly below its all-time high, the possibility of Chainlink reaching further highs has become more plausible given its recent price action and the overall market sentiment.
Expert Price Predictions for Chainlink
Cryptocurrency experts from Changelly, a prominent crypto trading platform, have weighed in on Chainlink’s potential performance in the coming months. Additionally, their analysis offers valuable insights into the asset’s short-term and long-term prospects.
Also read: Ripple Analyst Predicts When XRP Will Hit Cycle Top
For April, the analysts at Changelly forecast LINK to reach a minimum price of $21.34 and a maximum price of $24.58, with an average price of $22.96. These projections suggest a positive outlook for Chainlink in the near term, with the asset expected to continue its upward trajectory.
Looking further ahead, Changelly’s experts predict that LINK could potentially hit the $35 mark by August 2025. This longer-term projection reflects the growing confidence in Chainlink’s ability to establish itself as a leading decentralized oracle solution and capture a significant share of the market.