Chainlink has signed a deal with a brand new company. Turkish bank Misyon The bank will be able to receive on-chain feeds, and tokenize further. This deal is generating optimism, particularly around Chainlink LINK. LINK is trading at a price below $17 and has dropped over 5% since the beginning of this week. It saw a small spike up after the announcement of $18, but it met resistance. Can the Turkey deal bring Chainlink up again?
As tokenization of real assets gains momentum in 2025, many analysts see a possible LINK rise to $52. This asset is up over 20% since the beginning of the month, thanks to rising institutional demand and bullish patterns in price charts. A crypto analyst on X Ali Charts Recently, we discussed LINK’s potential for August. 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 its recent recovery suggests that it will be re-tested at this price, setting up the coin for the next phase of growth. If the coin breaches and holds above the threshold of $20, this could be the catalyst for an increase to $28 by the end of the summer.
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One analyst predicts that after Chainlink was acquired by the Turkish Bank, this price could rise up to double. CryptoBullet, a popular crypto analyst, has released a macro Chainlink summation that challenges the prospect of a long-term bullish trend. His analysis is gaining attention. “I no longer see this as a 1-5 impulse. This cycle is ending. Alts have 4-5 months at best,” Writes the analyst
CryptoBullet did, however, still provide a price target of $50 over the long term for Chainlink LINK. This is due to the strong momentum in the market and favorable conditions during that period. The LINK target of $52 is what many analysts want to achieve, since Chainlink 2025 price prediction models show a significant upside.
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Source: watcher.guru
