Chainlink (LINK) is exhibiting strong bullish signals, with technical analysts predicting a potential 350% surge to $100 if it breaches the $24 resistance level. Market expert Ali Charts identifies a symmetrical triangle pattern forming since 2021, noting that a decisive breakout could propel LINK toward $31.8 initially, followed by consolidation before targets at $52.3 and ultimately $100.
Fundamental drivers reinforce this outlook: LINK recently hit a 7-month high at $22.05, while exchange reserves plummeted to record lows due to aggressive accumulation by the Chainlink Reserve, which added 65,550 LINK ($1.4 million) at $16.83 average. This supply squeeze coincides with major institutional validation, including Chainlink CEO Sergey Nazarov's participation in President Trump's crypto summit alongside Ripple's Brad Garlinghouse.
Notably, Chainlink's partnership with SWIFT (ongoing since 2022) is deepening, and pilot integrations with JPMorgan, Mastercard, UBS, ANZ, Fidelity International, and Brazil's Central Bank (DREX project) signal accelerating enterprise adoption. The network currently secures $59.6 billion in total value – nearly 4x its $15 billion market cap – highlighting significant undervaluation according to analysts.