Chainlink’s (LINK’s) price has entered into a positive pattern. It is currently consolidating near a critical resistance level. LINK, which is currently trading at just under $17.60 per share, wants to continue its rally through August 2025. Over 30% of the asset’s value has increased in the past 30 days due to rising institutional demand and bullish patterns seen on price charts. Crypto analyst on X Ali Charts Recently, we discussed LINK’s potential for the upcoming months. We revealed that the $28 prediction made in July may come true.
“Chainlink LINK looks to be in the middle of a bullish retest at the breakout zone,” The analyst sent a message to X. “This setup could pave the way for a move to $22 or even $28!” LINK broke through the $20 barrier recently, and a recent bounce suggests that it will be re-tested at this price, setting up the coin for its next surge. If the coin breaches and maintains above the threshold of $20, this could be the catalyst for an increase to $28 by the end of the summer.
LINK has seen a surge in recent months, thanks to the rally of Bitcoin and approval of the GENIUS Act, CLARITY Act, and Anti CBDC act. In the last few weeks there was a lot of whale activity around Chainlink, which contributed to LINK’s growth. Ali stated that over the course of two weeks, whales have accumulated 1.6 Million Chainlinks. The increase in whale activity is often a sign of bullishness, indicating that the major players are expecting future price increases.
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LINK has also seen a drop in trading volume of 18% over the past 24 hours, while traders wait for LINK to make a move. LINK’s price is falling because Bitcoin has been down Wednesday. Its failure to maintain above $18 over the past few days has also caused concern.
Markets are still optimistic about LINK. They believe that a chainlink cryptocurrency coin rebound is near. CoinCodex analysts predict that the coin will boom within the next 30 day. “According to our current Chainlink price prediction, the price of Chainlink is predicted to rise by 5.84% and reach $ 18.66 by August 28, 2025,” Analysts write. “Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 74 (Greed).”
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Source: watcher.guru
