Analyst Predicts Chainlink Price at $100 Amid Bitwise LINK ETF Filing

Chainlink (LINK) was heading towards $100 based on the formation of a long-term ascending triangle on the daily chart.

This price prediction by analyst Crypto ELITES’ came out right after news of Bitwise filing an S-1 registration statement with the U.S. SEC.

The filing outlines plans for a Bitwise Chainlink ETF, which would provide investors with direct exposure to LINK. 

According to the document, Coinbase Custody has been named as the proposed custodian for the tokens.

At the time of writing, Chainlink (LINK) was trading at $25, up 3.02% over the last 24 hours.

Analyst Eyes $100 as the Next Target for Chainlink Price

As per a long-term ascending triangle bull formation highlighted by the analyst on X, Chainlink could reach $100.

The chart shows LINK consolidating within a multi-year ascending triangle pattern. There are repeated rejections at a descending resistance trendline while maintaining higher lows over time.

This structure often signals strong accumulation and the potential for a major breakout once the resistance is flipped into support.

Currently, Chainlink (LINK) is hovering near the $23–$25 zone, which has historically acted as a critical resistance level.

A clean breakout above this zone and successful retest could confirm bullish momentum. It could and pave the way toward the $100 target in the medium to long term.

Adding to the bullish case, Chainlink on-chain data shared by @Tem_onchain shows that large investors continue to accumulate.

Just on August 26, twelve wallets collectively acquired 674,000 LINK, worth approximately $15.3 million.

Bitwise Files For Spot Chainlink ETF

Bitwise filed S-1 paperwork with the U.S. SEC for a Chainlink ETF that will offer investors direct exposure to LINK. The filing listed Coinbase as the planned custodian of the tokens.

According to Eric Balchunas, the Bitwise filing is especially noteworthy, as it marks the first real spot ETF attempt for Chainlink.

He explained that while Tuttle previously filed for a 2x leveraged LINK ETF under the 40 Act, Bitwise’s application is different in that it represents a “true blue spot ETF,” potentially opening the door to broader institutional interest in the asset.

The filing is part of a growing wave of asset managers moving to launch altcoin-focused spot ETFs in the U.S., as regulatory pressure eased under the Trump administration and following the success of bitcoin (BTC) and ether (ETH) funds.

Future Outlook

A recent prediction shared on crypto Twitter suggests Chainlink could rally to between $115 and $185, with the broader altcoin market expected to peak sometime between November 2025 and January 2026.

If this outlook proves accurate, the filing of products like the Bitwise Chainlink ETF could align with renewed investor enthusiasm for altcoins as capital rotates beyond Bitcoin and Ethereum.

Historically, altcoin seasons have often followed strong BTC and ETH performance, with liquidity flowing into projects that show strong fundamentals and growing adoption.