Chainlink (LINK) has been seeing new highs in the past 10 days and since then it has printed around a 50% spike. Does it still have much to offer and can it still make new millionaires?
This analysis comes from The BigBC Finance Channel on YouTube, where the host broke down the price action and long-term outlook for LINK. He explained why Ethereum’s rally is playing a big role in Chainlink’s rise and how capital rotation in the market could soon give LINK an even stronger push.
What you'll learn 👉
Why Ethereum’s Move Matters for LINK
The analyst pointed out that Ethereum has just broken a five-year resistance level, moving out of a large triangle pattern to the upside. Since Chainlink is an Ethereum-based token, its performance often mirrors ETH. When Ethereum does well, LINK usually follows.
Ethereum’s breakout is important because it could take the spotlight in the current market cycle. The analyst referred to the crypto capital rotation model and said we are now in phase two, where Ethereum outperforms Bitcoin. In phase three, large caps like Chainlink tend to take off as profits flow from ETH into other strong projects.
In the short term, Chainlink’s own chart is showing strength. The analyst identified a slanted double bottom pattern that recently broke out to the upside. After retesting the breakout level as support, the price began moving higher again. Based on the pattern’s target, he expects LINK could reach $37 in the coming days or weeks, which would still be about a 58% gain from current levels.
Chainlink Long-Term Breakout Setup
Looking beyond the short term, the analyst sees an even bigger opportunity. Chainlink has been in a multi-year consolidation pattern very similar to Ethereum’s. Its upper resistance sits around $27 to $28. If LINK can break above that, it would confirm a massive triangle breakout.
Using the height of this pattern to project a target, the analyst believes LINK could reach $306 during this bull run. That would be an 11x move from the breakout point. If an even larger pattern that includes the 2020 lows is considered, the extended target could be as high as $1,100.
For a more conservative view, he also looked at Fibonacci extension levels, which suggest possible targets of $100, $150, and $233. His main focus, however, remains on the $233 to $300 range as realistic goals if the market performs well.
Could LINK Really Make Millionaires?
The analyst’s high-end target for this bull run is $306, with a possible extended target of $1,100. At $306, someone holding about 3,300 LINK bought at today’s prices would be looking at roughly $1 million in value.
At the extended target, even smaller holdings could cross the millionaire mark. While these outcomes depend on a strong bull market and successful breakouts, they show why many investors believe Chainlink could create new millionaires in 2025
Read Also: Not Altseason, We Are in Ethereum Season – Here’s Why!
Outperforming Ethereum in the Next Phase
The analyst also compared the LINK to ETH ratio chart. This chart shows how LINK performs relative to Ethereum. In recent months, ETH has been outperforming LINK, but over the past two weeks, the trend has started to shift.
He sees a large triangle forming on the LINK/ETH chart, which could break to the upside. If it does, it would mean Chainlink is starting to outperform Ethereum, a move that typically happens in phase three of the capital rotation cycle. That phase is when large-cap altcoins often see their most explosive gains.
Overall, the analyst is highly bullish on Chainlink’s potential in 2025. With Ethereum leading the way, capital rotation, bullish chart patterns, and strong technical setups, he believes LINK could be one of the standout performers of the next market leg up.
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