Chainlink continues to capture the spotlight as analysts point to a strong bullish continuation structure forming on higher timeframes.
After rallying over 4% in the past 24 hours to trade near $22.57, the asset appears poised for an extended upside phase. The token’s market capitalization has now reached $15.29 billion, with a robust $930 million in daily trading volume, signaling renewed momentum across both retail and institutional investors.
The Asset Highlights Final Dip Before Long-Term Rally
According to Inmortal, Chainlink’s current retracement may mark the final corrective wave before a sustained upward trend. The analyst’s long-term chart reveals that the asset is completing a higher low formation within a macro bullish structure that has persisted since 2022. Immortal captioned the chart with a striking statement: “In my dreams, this is the last dip ever.”
Source: X
This projection aligns with the broader market view that the coin is exiting its multi-year accumulation phase and entering early stages of structural markup. The chart projects a gradual climb, with price expected to test the $25–$30 region before accelerating toward the $50+ range as network adoption and oracle demand expand across decentralized finance (DeFi) and real-world asset tokenization sectors.
Market Data Confirms Strength in Price and Liquidity
Additionally, according to BraveNewCoin data, Chainlink is currently trading at $22.57, reflecting a 4.18% increase over the past 24 hours. The asset boasts a market capitalization of $15.29 billion, ranking #14 globally, with a circulating supply of 678.1 million tokens. Trading volumes remain elevated at over $930 million daily, underscoring strong liquidity and consistent investor participation.
Source: BraveNewCoin
Despite short-term fluctuations, market data suggests a healthy price structure supported by strong fundamentals. The coin has held above its 20-day exponential moving average, signaling sustained buyer interest. Analysts note that even during brief consolidations, the token continues to attract capital inflows, a key indicator that large holders (whales) are strategically accumulating ahead of a potential breakout.
Technicals Confirm Bull Flag Pattern With Breakout Targets
On the other hand, Further technical validation comes from BitcoinSensus analysts on X, who identified a textbook bullish flag pattern forming on LINK’s daily chart.
The setup characterized by a consolidation channel following a sharp upward impulse typically indicates trend continuation once resistance is broken. The flag’s upper boundary lies between $24 and $25, marking the critical zone to watch for a breakout confirmation.
Source: X
If it successfully closes above this resistance level with strong volume, analysts project an initial rally toward $34, followed by an extended move to $52–$54 based on measured flag projections. Supporting indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), both suggest that bullish momentum remains intact.
Institutional participation adds another layer of confidence on-chain data reveals consistent whale accumulation and wallet growth over the past month, indicating strategic positioning for long-term upside. Historically, similar flag breakouts have preceded multi-month rallies in the coin, hinting at the potential for another explosive cycle through 2025 if macro conditions remain favorable.