Experts Predict Chainlink Will Reach $85 Target: ‘Makes Sense’ for Upcoming Bull Run as LINK Protects Key Support Level

Chainlink (LINK) has once again become a focal point in the cryptocurrency industry. The asset has shown resilience, especially with its price recovering swiftly after a brief dip below the strong resistance level at $7.

As of now, LINK has seen an almost 4% increase in the last 24 hours and is trading at $7.35. But what are the experts saying?

irpsd9, a new trader on TradingView, has shared some compelling insights on LINK’s future trajectory. According to him:

  1. A “Pump” signal has been detected, which in his terminology refers to a trend-following strategy. This pump interestingly takes the shape of a golden pyramid.
  2. This pump formation is notably above the average true range channels, indicating a strong bullish momentum.
  3. He emphasizes that this analysis is based on a weekly chart, which generally provides a broader perspective on price movements.
  4. A Fibonacci time zone is expected to guide traders along this potential uptrend.

Source: CoinStats

Further bolstering this bullish sentiment, Santiment, a well-known analytics platform, highlighted that Chainlink’s GitHub development activity has surged this summer. This has led to LINK being among the top 5 most frequently developed assets. Moreover, there’s a noticeable trend of whales accumulating LINK tokens, with those holding between 100K-10M LINK now possessing the most coins since December 2022.

Nicu, a famous Twitter analyst, also chimed in with his observations. He expressed excitement over LINK’s textbook price action. After a robust uptrend from the low $5’s, the price tested the bottom moving average and consolidated. Now, with the price breaking back above the top moving average, Nicu believes LINK is primed to reach $9.

Trade on US-Banned Exchanges With No KYC 🤫

Tired of missing hot new listings because your favorite exchange is banned in the US? 🇺🇸

With RocketXchange you can finally trade on Kucoin, ByBit and more without registration or KYC! 🙌

Simply connect your wallet to access every coin. No VPN needed.

Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.

Take your trading to the next level with:

  • Instant access to banned CEXs 🚫
  • No KYC required 🙅‍♂️
  • Trade on your terms – no registration required
  • Maintain full custody – tokens stay in your wallet
  • Access liquidity across leading DEXs and CEXs
  • Bridge assets quickly between any blockchain

Escape CEX limits today with RocketXchange!

Show more +

Lastly, CryptoScient, a technical analysis expert, shared his bullish stance on LINK against USDT. He mentioned that despite being a coin that’s often criticized by the crypto community, LINK has the potential to reach a whopping $85 in the upcoming bull run. From his last update, he revealed that he bought a significant amount at an untested support zone and believes that LINK will at least retest range highs at $9.5.

“$85 target makes sense” he said


The consensus among top-notch analysts and traders is clear: Chainlink (LINK) is on a bullish trajectory. With strong technical indicators, increased development activity, and whale accumulation, LINK seems poised for significant upward movement. As always, investors should conduct their research and consider multiple perspectives before making any investment decisions.

You can view our Chainlink’s price prediction here.

We recommend eToro

74% of retail CFD accounts lose money.
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

We will be happy to hear your thoughts

Leave a reply