Chainlink price prediction: LINK is showing on-chain accumulation and a bullish technical setup; a confirmed breakout from the symmetrical triangle could target $31–$40 in the short term, with extended targets near $45 if momentum and exchange outflows continue.
Major catalysts: ETF filing, SBI partnership, and strong exchange outflows.
Technical setup: symmetrical triangle breakout, Fibonacci extensions at $36.33 and $45.07.
On-chain data: 5.34 million LINK withdrawn from exchanges in 24 hours, signalling accumulation.
Chainlink price prediction: LINK shows accumulation and breakout potential toward $31–$45; read technical targets and trade considerations now.
What is the Chainlink price prediction?
Chainlink price prediction points to near-term targets between $31 and $40 if buyers defend key support and a triangle breakout occurs. Technicals and on-chain withdrawals support a bullish stance, while failure to hold $23.4 would increase downside risk.
How could Chainlink reach $40 and beyond?
Bullish momentum for LINK is being driven by institutional catalysts and sustained accumulation. The recent Bitwise Chainlink ETF filing and a partnership mention involving SBI Holdings increased demand signals.
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Technically, a symmetrical triangle on weekly charts projects a measured move that supports $31 and $40 targets. Fibonacci extensions from the 2024 rally (from $8.08 to $30.94) indicate extension levels at $36.33 (23.6%) and $45.07 (61.8%).
The analyst view: a technical analyst noted a potential parabolic target near $102 on a large breakout, but nearer-term objectives are $31 and $40 based on current structure. On-chain data shows 5.34 million LINK withdrawn from exchanges in 24 hours—an accumulation signal consistent with rising buying pressure.
Source: Ali Charts
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Large withdrawals from exchanges reduce available sell liquidity and often precede price increases when demand persists. In LINK’s case, a 24-hour outflow of 5.34 million tokens aligns with accumulation by long-term holders.
Exchange outflows, when combined with ETF-related demand narratives and institutional partnerships, can amplify price moves because they tighten supply while creating new buying pressure.
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