The Chainlink platform has inked a new deal with Turkish bank Misyon to bring on-chain data feeds and further tokenization to the bank. The deal has sparked optimism in the market, especially around the Chainlink LINK cryptocurrency. Currently trading below $17, LINK has slumped in the past week, down over 5%. The asset saw a slight spike upwards after the announcement to $18, but was met with resistance. Could the new Turkey deal send Chainlink back up?
Many analysts are eyeing a potential LINK surge to $52 as real-world asset tokenization picks up steam throughout 2025. The asset has climbed over 20% in the last 30 days, driven by rising institutional interest and key bullish patterns on the price charts. A crypto analyst on X Ali Charts recently discussed LINK’s potential this August, revealing that the previous $28 forecast for July could come true.
“Chainlink LINK looks to be in the middle of a bullish retest at the breakout zone,” the analyst wrote on a post to X. “This setup could pave the way for a move to $22 or even $28!” LINK recently broke above $20, and the recent rebound hints at a retest of this level, which could set it up for the next leg up. Should the coin breach and maintain above the $20 threshold, it could set the stage for a surge to $28 before the summer ends.
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Meanwhile, some analysts are forecasting a climb to nearly double that price after the Turkish Bank’s Chainlink deal. Popular crypto analyst CryptoBullet has put out a macro Chainlink summary that questions the prospects for a longer-term bullish impulse, and his analysis has been getting attention. “I no longer see this as a 1-5 impulse. This cycle is ending. Alts have 4-5 months at best,” the analyst writes.
However, CryptoBullet still provided a long-term goal of $50 for Chainlink LINK with their price prediction. The sentiment is based on favorable momentum and strong market conditions within that timeframe. This aligns with the LINK $52 target that many analysts are eyeing, as Chainlink price prediction 2025 models suggest some substantial upside potential.