Chainlink price has climbed to $22.05, marking its highest level in seven months. Technical analysts point to the token breaking out of a multi-year accumulation triangle on the biweekly chart. If this breakout holds, the move could pave the way for a rally towards $35, $50, and potentially $100 during the current market cycle.
LINK must hold the $16–17 zone for a higher breakout. Source: Crypto Patel on X
Crypto analyst Ali has suggested that if LINK breaks above the $24 mark, just 9% above current levels, it could surge to as high as $95. This bullish view hinges on the token holding key support zones and sustaining its upward momentum.
Exchange Supply at Record Low
Adding fuel to the bullish narrative, Chainlink recently launched its Chainlink Reserve, an initiative that has coincided with a record-low supply of LINK on exchanges. The dwindling supply indicates that long-term holders are accumulating tokens rather than selling into the rally.
LINK price prediction. Source: Ali on X
A reduced circulating supply on trading platforms typically points to lower immediate selling pressure. If this trend continues, many market watchers believe LINK could reach $24 in the short term, unlocking further bullish momentum.
Heavyweight Institutional Partnerships
Institutional interest in Chainlink is emerging as a major driver of optimism. According to blockchain analyst Zach Rynes, the project has secured collaborations and pilot integrations with a who’s who of global finance including SWIFT, Euroclear, JPMorgan, Mastercard, UBS, SBI, ANZ, Fidelity International, and even the Central Bank of Brazil.
The partnership with SWIFT, in particular, aims to explore cross-blockchain data and asset transfers in collaboration with leading international banks. Meanwhile, the Central Bank of Brazil’s DREX project, its developing digital currency initiative has brought Chainlink into its testing phase.
LINK exchange supply. Source: LINK Collector on X
These developments underscore Chainlink’s positioning as a bridge between traditional finance and blockchain technology. One community member summed it up by saying, “LINK is everything people thought XRP was supposed to be, onboarding all the world’s largest institutions onchain.”
Earnings Potential and Market Outlook
With hundreds of millions already generated in revenue before large-scale institutional blockchain adoption, Chainlink’s earning potential is drawing attention. Proponents argue that its competitive moat, underpinned by its secure decentralised oracle network, positions it ahead of rivals in providing real-world data to smart contracts.
Although many of these partnerships are still in their early pilot stages, the groundwork being laid could lead to long-term value capture for LINK holders. The convergence of bullish technical signals, supply scarcity, and top-tier institutional adoption has created one of the most optimistic setups for the token in years.
If LINK can decisively break above $24 and hold the level, analysts expect momentum could carry it well beyond previous highs, potentially redefining its market position in the months ahead.
