Top Expert Predicts Chainlink Could Rally to $60 Amid Positive Market Momentum
Key Highlights:
- Chainlink (LINK) price surged over 5% in the past 24 hours, reflecting strong market confidence.
- Recent developments, including a Coinbase partnership and investment from World Liberty Financial (WLF), have fueled bullish sentiment.
- Analysts forecast LINK could reach $61 if it breaks key resistance levels.
Chainlink’s Price Surge Amid Market Optimism
Chainlink’s price climbed over 5% in the past day, attracting investor attention and demonstrating robust market confidence. This rally follows a series of positive developments around the project, driving heightened trader optimism. Experts are optimistic about further growth, with projections suggesting LINK could target $60 in the near future.
Recent momentum was bolstered by a 22% surge in the Grayscale Chainlink Trust (GLNK) price, which has risen over 190% in the past 30 days, further solidifying confidence in the digital asset.
One major catalyst for LINK’s rally is the integration of its Oracle network into Coinbase’s Project Diamond. This partnership underscores the importance of LINK’s infrastructure in advancing tokenized asset ecosystems, generating buzz in the market.
Additionally, World Liberty Financial (WLF), a project backed by Donald Trump, invested $1 million in LINK, purchasing 41,335 tokens. The pro-crypto stance expected under Trump’s leadership has further amplified market enthusiasm, especially given WLF’s substantial endorsement.
Is a Rally to $60 on the Horizon?
LINK recently traded at $29.90, marking a 5.11% daily gain and hitting a high of $30.72—the highest price since 2021. Monthly gains stand at an impressive 105%. According to CoinGlass, Chainlink Futures Open Interest increased by nearly 6%, signaling growing interest.
Crypto analyst Ali Martinez stated that if LINK maintains its position above $30.4, the next target is $34. Meanwhile, market predictions suggest LINK could reach $35.95 by January 2025, giving investors further reasons to stay optimistic.
Another expert, Alan Santana, offered a bullish outlook, predicting LINK could hit $61 in the near term. However, Santana emphasized that LINK must overcome resistance levels at $32 and $35 before targeting $47 and $53. Breaking past $53 would pave the way for a rally to $61. Santana also suggested that if bullish momentum continues, LINK could even reach $130 by 2025.
With strong fundamentals, growing institutional support, and a series of favorable developments, Chainlink appears poised for significant gains in the coming months.
