Chainlink Eyes 300% Upside As Road To $46 Forms – Analyst

The Chainlink (LINK) market has experienced a significant uplift in the last week as prices grew by 7.64%. In line with the general crypto market, the altcoin produced a modest rebound from the deep correction levels seen in ￰0￱ this price action, renowned market analyst Ali Martinez has shared a developing bullish pattern that suggests more profits ￰1￱ Reading: Ethereum Rebounds From Bull Market Support: Can It Conquer The ‘Golden Pocket’ Next? Buy The Dip At $15 – Here’s Why In a recent X post on October 25, Martinez postulated that LINK could be gearing up for a major rally, with technical indicators hinting at an incoming bullish ￰2￱ analyzing the LINKUSDT daily chart, investors may have a chance to notch a 300% gain in the coming ￰3￱ on the chart analysis presented by Martinez, LINK is trading within a broad ascending parallel channel that has defined its market behavior since mid-2023.

Notably, the altcoin last bounced off the lower boundary of this channel in June 2025 to trade as high as $28.00, before descending to current market prices around $18.00. Martinez anticipates that LINK will complete its ongoing decline by revisiting the channel’s lower boundary, with the $15.00 zone, which aligns with the 0.618 Fibonacci retracement level, serving as the key area of ￰4￱ analyst identifies $15.00 as a strong accumulation zone, advising investors to consider buying at that ￰5￱ there, LINK is expected to stage a recovery toward the upper boundary of the channel. However, Martinez cautions that the token could face interim resistance around $20.04, corresponding to the 0.786 Fibonacci level, which may trigger a brief pullback to $18.00 before a potential breakout ￰6￱ this setup unfolds as projected, LINK could surge toward the $46.31 mark, matching the 1.272 Fibonacci extension, representing an upside of roughly 300% gain from the expected accumulation ￰7￱ Reading: BTC Trapped In Tight Range: Liquidity Heatmap Shows Key Price Points At $115K, 106K LINK Market Overview At the time of writing, LINK trades at $18.21, reflecting a slight 2.41% gain in the past day.

Meanwhile, the token’s daily trading volume has declined by 43.38% and is valuedat around $366 ￰8￱ at its monthly chart, LINK remains down by 11.05% despite the modest recovery seen in the last week, signaling that the token still needs further upside to fully reverse its recent losses and bring most new investors back into ￰9￱ a market cap of $12.35 billion, LINK continues to hold its position as the twelfth largest cryptocurrency in the ￰10￱ image from iStock, chart from Tradingview