Chainlink (LINK) is up 10% in the past month, showcasing strong potential as the cryptocurrency has reclaimed $16. LINK hit $16 thanks to heightened weekly exchange outflows worth approximately $11.27 million. Last week, the crypto industry saw Bitcoin experience a game-changing surge this week that could ignite a shifting sentiment for the industry. Indeed, the asset reached a new all-time high of $111,000 before retreating to close the week. That could play a part in what traders can expect from Chainlink as altcoin season continues.
According to Bit Guru, Chainlink is making a strong push with room to climb even further. The market analyst says, “After a brief cooldown, the price is now stabilizing around $15.70, suggesting buyers are still active.” Now that LINK is sitting between $15.90 and $16.05 since that post, the asset could set $16 as a new low, making its climb more predictable.
Potential for Chainlink LINK This Summer
There are high hopes for what the shifting market sentiment could mean for Chainlink in Q2 2025. Indeed, Chainlink may be set to eye a surge to $19 before Memorial Day kicks off the official start to summer. Now, it is set to confront a key resistance line at $19 amid increased demand. If the market can help push it up, it could make the run over the next week. Additionally, some experts believe that it is a precursor to an even bigger move. According to a recent Binance report, a trip to that level could see LINK eye the “golden pocket at $23.”
Also Read: Chainlink Finds Path to $30: Here’s What LINK Needs to Do
Furthermore, Chainlink whales recentlyAccording to a recent report, wallets holding between 100,000 and 10 million LINK have grown to reach 375 million, jumping from 350 million since February. Moreover, data shows there has been a stark increase in large transaction counts. This is usually an indicator of whale movement for the top institutional investors.
loaded up on 25 million LINK as its price eyes $20.
Chainlink surpassing $16 and staying above that mark means big things could be coming for LINK come June 2025. CoinCodex analysts suggest that the asset could maintain that price next month. “According to our current Chainlink price prediction, the price of Chainlink is predicted to rise by 0.61% and reach $ 15.97 by June 25, 2025,” CoinCodex says. “Per our technical indicators, the current sentiment is Bullish…”