Chainlink (LINK) had a slow start to 2025, which is impacting price predictions for the asset this year. Investors are still mostly bullish on LINK, however, and several analysts are noting indicators of a bullish rally coming. Chainlink ended January up 15%, reversing a downward start to the month. Now, February could see plenty of green around the altcoin.
In the near term, there is plenty of optimism for LINK. One analyst went to Binance to reveal how a “massive rally” around the token is in the cards. Realmabbaskhan on Binance Square says that now may be the best time to pay attention to Chainlink and potentially invest. “Looking at the 4-hour chart, LINK is showing strong bullish momentum, and the next big move could take prices well above $30,” the analyst says. The trader notes that the asset is putting up good signals. “The price is trading above both the 20 EMA (24.271) and 200 EMA (23.377). Every time LINK has reclaimed the 200 EMA in the past, we’ve seen massive price spikes.”
Additionally, Realmabbaskhan notes that LINK’s charts show higher lows, meaning buyers are stepping in at every small dip. This is typically a sign of accumulation before a breakout. With the Chainlink network still connected to some of the biggest financial institutions in the world and growing tokenization initiatives, LINK could soon reap rewards. Further, LINK has a lower resistance level that could be tested soon, giving investors a chance to buy in before this surge. “The $25 – $26 zone has acted as strong resistance before, but a breakout above this could send LINK to $34+ in no time!”
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Crypto price prediction platform CoinCodex has high hopes for LINK in February. Indeed, they project the asset to reach a monthly high above the $32 mark, up 27% from its current price. However, that may just be the beginning. If the token can overcome the $25 resistance level, analysts are expecting the asset to potentially reach a $41 price just a month later. Continued bullish sentiment would see it surge to $48 in May. That mark would be a 2025 high, and see it jump 88% from its current position.
A near-term surge for Chainlink to $35 would mark a surge of over 44% from current prices. Link is up over $24 at press time, down 2% in the last seven days. It is slowly reversing the brief correction phase it saw earlier last week.