LINK Rally: Can Chainlink Break Toward $47 Soon?

Chainlink (LINK) is trading around $22 after gaining almost 10% over the past ￰1￱ price movement shows a slight dip, while trading volume stands near $950 ￰2￱ is now on whether LINK can continue its climb toward $47, a level that matches the highs of ￰3￱ Setup Signals Higher Levels Analyst Ali Martinez shared a 3-day chart showing LINK moving inside an ascending parallel channel since ￰4￱ price action is holding above $20, which aligns with the 0.786 Fibonacci retracement ￰5￱ above this zone gives room for further gains. Notably, the projection marks potential steps toward $29, $35–$39, and then $46 at the 1.272 Fibonacci ￰6￱ level also meets the top line of the ￰7￱ wrote, $47 could be next for Chainlink $LINK ! ￰0￱ ￰8￱ — Ali (@ali_charts) October 2, 2025 Channel Structure and All-Time High Zone EtherNasyonaL pointed to LINK breaking above the middle band of the ￰9￱ asset is now consolidating above this level, which has historically served as a pivot point for past ￰10￱ LINK holds above this band, the chart shows a possible move toward the upper boundary of the ￰11￱ next heavy resistance remains the 2021 all-time high supply zone between $47 and $52.

Support has firmed in the $18–$20 area after a successful retest.) in Chainlink has reached $66 billion, up from $25 billion in April this year. Meanwhile, this increase in adoption strengthens Chainlink’s position in decentralized finance and may support higher price levels if momentum continues. Short-Term Market Signals LINK is trading near $22 on the 4-hour chart, where the EMAs 20, 50, 100, and 200 have ￰12￱ 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.