LINK Holds Above $20, Analysts Predict Breakout to $46.3
Despite recent price fluctuations, LINK maintains its position above the crucial $20 support level, bolstering investor confidence. The token's price stands at $22.18, down 1.8% on the day but up over 7% in the past week.
Analysts predict a potential breakout to $46.3 to $47 if LINK continues to trade above $18.5 and builds on recent gains. This optimistic outlook is supported by a rise in new wallets, indicating growing user engagement and long-term price strength.
Netflows reveal consistent token withdrawals from exchanges, reducing sell-side pressure and fostering a bullish sentiment. However, failure to maintain key levels could trigger a retest of lower supports near $15 or $12.2.
On October 1, 2025, Chainlink added 1,963 new addresses, demonstrating a significant spike in user network growth. Currently, LINK price is consolidating near $22, with exchange outflows suggesting investor accumulation. Technical indicators show support around $20 and immediate resistance near $28.98.
LINK's price action and fundamentals point to a positive outlook, with analysts seeing a realistic breakout opportunity. However, traders should remain vigilant for potential support retests if key levels are not maintained. As LINK continues to trade above $18.5, the possibility of a bullish run towards $46.3 to $47 becomes more likely.
Read also:
- HLC Approves ₹4,645.60 Crore for Flood Recovery and Wetland Rejuvenation in Nine States
- Crooked House Pub's Demolition: Council Orders Rebuild, Debate on Historic Building Protections
- Shaping India's Economic Progression: Readying the Financial System for Tomorrow
- Ethiopia's Grand Dam: 15,000 Lives Lost, Water Concerns Unresolved
