Chainlink (LINK) Surges 104.96% in Year, Targets $28 as Bullish Signals Strengthen

Chainlink (LINK) has shown strong signs of continued growth in 2025, driven by favorable technical indicators and strategic developments within its ecosystem [1]. Currently trading at $21.66, LINK has a market capitalization of $14.67 billion and a 24-hour trading volume of $1.30 billion. Over the past year, the token has delivered a 104.96% return, maintaining a bullish trend supported by on-chain activity and key project developments [1].

From a technical perspective, LINK has decisively broken above its 200-day simple moving average (SMA), forming a bullish structure marked by higher lows and strong rebounds from trendline support. The price has successfully defended the $15.80 breakout zone, with technical targets now pointing toward $24, $28, and $32 in the coming weeks if upward momentum continues. Recently, the token confirmed a Golden Cross—a historically bullish signal—while maintaining support above the 50 EMA [1]. Short-term resistance is currently near $22.50, and a breakout beyond this level could open the path to $28 before the end of the year.

On the fundamentals, Chainlink has launched a strategic LINK reserve, funded by both on-chain and off-chain revenue, to enhance liquidity and support network incentives. This move strengthens Chainlink’s position as the leading oracle solution bridging blockchain smart contracts with real-world data—a key use case for DeFi, Real World Assets (RWAs), and institutional blockchain adoption [1]. The increased institutional and high-net-worth investor confidence is also evident, with whale accumulation reaching over $150 million in the past two weeks [1].

Despite a 1.87% daily pullback, LINK has remained above critical support levels, reinforcing its resilience in the face of market volatility. Looking ahead, the price trajectory of LINK will depend on maintaining the $20–$21 support range and sustaining high trading volume. Sustained bullish momentum could fuel a climb toward $28, while a break below $20 might prompt a short-term consolidation phase [1].

According to analysts, if the bullish trend continues and aligns with broader crypto market recovery, LINK could retest the $38–$40 zone in late 2025. In more aggressive scenarios, it might even challenge its all-time high near $53 in 2026 [1]. While these price targets are based on analyst forecasts, they reflect the growing confidence in Chainlink’s role in the blockchain ecosystem and its potential to deliver strong returns in the coming years.

Source: [1] From $21 to $40? Chainlink’s Technicals and Fundamentals Point Toward Strong 2025 (https://coinmarketcap.com/community/articles/689a4e14b5b09850e173fb6d/)