Chainlink (LINK) Analysts Predict Potential Price Surge to $36

Analysts predict Chainlink's price could reach $36 due to strong momentum and whale accumulation. Recent data shows large investors are buying LINK between $17 and $21, often leading to significant price increases.

Key Points

Whales have increased LINK purchases, indicating long-term optimism.
Retail demand is also rising as buying pressure exceeds selling activity.
The current rally is driven by spot demand rather than leveraged trading, enhancing its sustainability.
Low short positions reduce the risk of sudden price drops from liquidations.
Technical analysis shows LINK has broken several resistance levels, with a potential target of $27 if momentum is maintained.
Short-term volatility may occur if Bitcoin declines, but positive market sentiment could support LINK's upward trend.

Chainlink's increasing use in blockchain infrastructure boosts its long-term viability. At present, LINK trades at $22.37, reflecting a 9.1% drop daily and 11.4% weekly.