{"id":36397,"date":"2025-10-03T18:27:30","date_gmt":"2025-10-03T18:27:30","guid":{"rendered":"https:\/\/financialrush.com\/?p=36397"},"modified":"2025-10-03T18:27:30","modified_gmt":"2025-10-03T18:27:30","slug":"link-rally-can-chainlink-break-toward-47-soon","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=36397","title":{"rendered":"LINK Rally: Can Chainlink Break Toward $47 Soon?"},"content":{"rendered":"

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Chainlink (LINK) is trading around $22 after gaining almost 10% over the past week. Daily price movement shows a slight dip, while trading volume stands near $950 million.<\/p>\n

Attention is now on whether LINK can continue its climb toward $47, a level that matches the highs of 2021.<\/p>\n

Technical Setup Signals Higher Levels<\/h2>\n

Analyst Ali Martinez shared a 3-day chart showing LINK moving inside an ascending parallel channel since 2023. The price action is holding above $20, which aligns with the 0.786 Fibonacci retracement level. Staying above this zone gives room for further gains.<\/p>\n

Notably, the projection marks potential steps toward $29, $35\u2013$39, and then $46 at the 1.272 Fibonacci extension. That level also meets the top line of the channel. Martinez wrote,<\/p>\n

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$47 could be next for Chainlink $LINK<\/a>! https:\/\/t.co\/N2QWDZNiIB<\/a> pic.twitter.com\/HNjRP9Kyp2<\/a><\/p>\n

\u2014 Ali (@ali_charts) October 2, 2025<\/a><\/p>\n<\/blockquote>\n

Channel Structure and All-Time High Zone<\/h2>\n

EtherNasyonaL pointed<\/a> to LINK breaking above the middle band of the channel. The asset is now consolidating above this level, which has historically served as a pivot point for past moves.<\/p>\n

If LINK holds above this band, the chart shows a possible move toward the upper boundary of the channel. The next heavy resistance remains the 2021 all-time high supply zone between $47 and $52. Support has firmed in the $18\u2013$20 area after a successful retest.<\/p>\n

<\/a>
Source: EtherNasyonaL\/X<\/figcaption><\/figure>\n

Additionally, on-chain activity is also expanding. Martinez noted<\/a> that 1,963 new addresses joined the network on October 1. Data from DeFi Llama reports that total value secured (TVS) in Chainlink has reached $66 billion, up from $25 billion in April this year.<\/p>\n

Meanwhile, this increase in adoption strengthens Chainlink\u2019s position in decentralized finance and may support higher price levels if momentum continues.<\/p>\n

Short-Term Market Signals<\/h2>\n

LINK is trading near $22 on the 4-hour chart, where the EMAs 20, 50, 100, and 200 have converged. This tight cluster of moving averages marks an important decision zone, with a clear break above or below likely to set the next short-term direction.<\/p>\n

\"LINK<\/a>
Source: TradingView<\/figcaption><\/figure>\n

The MACD indicator has given a slight bearish crossover with a red histogram. The momentum is likely to lose its strength, indicating sideways movement or a pullback will be seen merely before another breakout attempt.<\/p>\n

Outside of technical analysis, Chainlink continues to penetrate<\/a> the real-world asset space, with partnerships involving global institutions such as Swift, DTCC, Euroclear, UBS, and BNP Paribas.<\/p>\n

The post LINK Rally: Can Chainlink Break Toward $47 Soon?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n