- Chainlink (LINK) is nearing a breakout from a bullish pennant pattern, with analysts predicting a potential price surge of 130% to 190% as altcoin season gains momentum.
- The project’s recent success in a cross-border CBDC pilot with Visa further strengthens its bullish outlook and real-world utility.
Chainlink on the Verge of a Major Breakout
Chainlink (LINK) is flashing strong bullish signals as multiple analysts predict a significant price rally in the coming weeks. Currently hovering near $15, LINK is forming a textbook bull pennant pattern—a setup often followed by explosive upward moves. Analysts suggest this breakout could catapult LINK to $30 or even higher.
Technical Patterns Hint at 130%–190% Upside
Crypto analyst Crypto Avi highlighted LINK’s bullish pennant on the daily chart, projecting a potential rally of over 130% if the breakout confirms. Resistance levels between $30 and $36 are now in focus. Meanwhile, analyst Bitcoin Buffalo takes it a notch higher, forecasting a 190% surge based on LINK’s recent retest of a long-term descending resistance line—a setup that previously preceded a 200% pump in late 2024.
Also read: SEC Delays Polkadot and Hedera ETF Decisions: What It Means for Crypto Investors in 2025
Altcoin Season Fuels Chainlink’s Momentum
Renowned market analyst Hernan Arber weighed in, noting that the current altcoin season isn’t just for meme coins. He emphasized that Chainlink, a top-20 crypto by market cap, is poised to double in price—from $15 to $30—as capital flows shift from Bitcoin into major altcoins.
Real-World Utility: LINK Powers Visa’s Cross-Border Pilot
Beyond charts and speculation, Chainlink’s fundamental use case is gaining traction. The protocol recently played a key role in a cross-border CBDC transaction pilot involving Visa, ANZ Bank, and the Hong Kong Monetary Authority. Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the pilot connected a private blockchain with Ethereum’s testnet—enabling a seamless transfer of an AUD-backed stablecoin (A$DC) to Hong Kong’s e-HKD.
This real-world utility positions Chainlink as a core player in the evolving digital finance landscape. As institutional adoption ramps up, so too could LINK’s price trajectory.
With strong technical indicators, analyst consensus, and growing real-world adoption, Chainlink is fast becoming one of the most compelling altcoins to watch. If current predictions hold, LINK could easily double—or even triple—its value in the coming months
