Chainlink (LINK) Flashes Bullish Signals—Can It Hit $34 Soon?
Chainlink (LINK) has been one of the top-performing altcoins over the last 90 days, ranking among the top 100 cryptos by gains for projects with significant market caps.
📈 In the past three months alone, LINK has surged over 37%, putting it in a prime position for a massive breakout—especially if we see an altseason kicking off in Q1 or early Q2 of 2025.
But the real question is: Can LINK sustain this momentum, or are we due for a correction? Let’s dive into the key price levels, market signals, and what this could mean for investors.
🔥 LINK Holding Above Critical $18 Support—What’s Next?
A deep dive into LINK’s 3-day price chart reveals a strong accumulation phase right above a crucial $18 support level.
Why does this matter?
- This $18 zone has historically acted as both support and resistance, making it a key battle line for bulls and bears.
- The latest price action suggests strong buyer interest, hinting that investors are stacking up LINK at this level.
🚀 The Bullish Scenario: $34 in Sight?
If LINK continues to hold above $18, this could trigger a strong rebound, pushing the price towards the next major resistance at $34—a level that has been a challenge in the past.
This would mark a near 90% gain from current levels!
🔻 The Bearish Scenario: Could LINK Drop to $9?
However, if LINK fails to defend $18, things could turn south quickly.
- A drop below this level could lead to a deeper correction, potentially revisiting the $9.32 support zone—a key level where LINK previously consolidated before making big moves.
- Such a breakdown would signal weakness, causing investors to hesitate and putting downward pressure on price action.
📢 Chainlink’s Monthly Users Are Skyrocketing
Beyond price action, there’s another massively bullish factor at play: Chainlink’s network growth.
Data from Token Terminal reveals that active users have been climbing steadily—a key indicator of growing adoption and real-world demand for LINK.
- January 2025: Around 5,000 active users
- Mid-January: A noticeable jump in users
- February 2025: 15,000+ active users—that’s 3x growth in just a month!
This surge in network activity perfectly aligns with LINK’s price holding above the $18 support, further strengthening the bullish outlook.
📊 What This Means for LINK’s Future Price
If the number of active users keeps rising, demand for LINK could skyrocket, driving prices up to $34 and beyond.
However, if this increase doesn’t translate into sustained buying pressure, or if the broader crypto market turns bearish, LINK could struggle to hold its ground.
🚀 The Bottom Line: Is LINK Ready for a Big Move?
✅ If LINK holds $18 → Expect a potential surge towards $34
❌ If LINK drops below $18 → Watch out for a possible retest of $9.32
The key takeaway? Chainlink is showing strong technical and fundamental signals, but investors should watch price action closely to confirm the next big move.
👉 Will LINK break out, or is a dip coming first? Let me know your thoughts! 🚀
