- Chainlink price breaks key resistance, signaling a potential rally to $88 with strong bullish momentum.
- LINK rising network activity and new addresses point to expanding adoption and continued price growth.
- Analyst predicts LINK could hit $47 short-term and $88 long-term, driven by strategic reserve launch and increasing market positioning.
Chainlink Price is gearing up for a breakout, with analysts forecasting a rise to $88. Key resistance has been breached, and increasing market activity signals strong bullish momentum. As adoption grows and higher lows persist, LINK price upward trajectory could continue watch key support levels closely for potential gains.
Analyst Predicts Chainlink Price Breakout to $88
According to market analyst Javon Marks, Chainlink is on track to reach a price target of $88. Marks points to LINK price breaking a long-term descending resistance trendline as a key indicator of the asset’s potential for a major price rally. This breakout suggests a structural shift that could lead to a sustained upward movement.
Marks also highlights the importance of the higher lows that LINK price has managed to maintain over recent weeks. These consistent higher lows show a strengthening market structure, indicating that the bullish trend may continue if the asset maintains its position above key support levels.
Source: Javon Marks/X
The analyst forecasts a short-term target of $47.15, with a longer-term projection reaching $88. Marks believes that if LINK sustains above $16 to $18 and breaks above $20 with significant volume, the asset could quickly target higher resistance levels around $28 and $52. Such a move would confirm the bullish structure and establish further confidence in the market.
Increased Network Activity Signals Strong Bullish Momentum for Chainlink Price
Chainlink price is experiencing a notable surge in market activity, with open interest (OI) rising 23.37% to 1.08 billion, signaling increased market positioning. CoinGlass data shows a rise in new addresses (+15.95%), active addresses (+17.73%), and zero-balance addresses (+18.79%), indicating a growing rush of users driven by new utility and price opportunities.
The upcoming Reserve launch is amplifying this momentum, attracting attention from both retail and institutional markets. The increase in the number of addresses reflects strong network health and expanding adoption, supporting the case for continued bullishness in LINK price.
Source: IntoTheBlock
With a confirmed breakout, a bullish weekly structure, and rising OI, LINK seems poised for further gains. The growth in user activity and the strategic Reserve initiative provide additional support for the possibility of reaching the $88 target, as long as momentum can hold above the current support levels.
The recent structural breakout and the launch of the strategic reserve program are key drivers of Chainlink’s current rally. As the asset maintains its bullish trend and attracts more institutional involvement, its price could continue to climb toward higher targets.
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