Chainlink [LINK] eyes $75: The technical indicators supporting this price

Key Takeaways 

Can LINK do a 3X to $75 in the long-term?

Yes, possibly. The bullish technical indicators suggested a potential upside breakout. 

What are the potential headwinds? 

The market was at a late cycle stage, but LINK hasn’t cleared the previous ATH of $53. 

Chainlink [LINK] has been one of the top-performing tokens in H2 2025. It rallied nearly 3x from $10 to over $26, before easing to $21 as of press time.

In fact, long-term holders who picked it up at $10 in June still had a profit of 2x. 

Despite the performance, LINK was still below its 2021 cycle top of $53. But the multi-year compression could be a springboard to a move towards $50 or higher in the next few months.  

Will it break out from a multi-year channel?

Source: LINK/USDT, TradingView 

LINK’s price action since 2020 has formed a triangle compression pattern that appeared close to fronting a breakout (yellow). A decisive close above $25 could confirm a bullish breakout from the multi-year channel. 

In such a scenario, the next upside targets would be $30, $47, the previous cycle high at $53, and finally $73-$75 as the upper end of the Fibonacci extended level. 

Source: TradingView (LINK’s OBV)

From the monthly charts, even OBV (On Balance Volume) supported the outlook.

The indicator, which tracks buying and selling pressure, has rallied higher in the past four years, forming a bullish ascending triangle pattern. 

An upside breakout could raise odds for price blasting higher, especially above $30 and other upside targets. 

On the contrary, a bearish breakout on the OBC charts would reinforce strong selling pressure and would invalidate the long-term bullish thesis described above. 

More fuel for a LINK rally?

Source: Santiment

There’s been a steady accumulation of LINK since late 2024, as supply outside of exchanges (yellow) grew from 774 million to 825 million tokens.

Over 50 million LINK or $1B worth of the altcoin was accumulated in the past few months. 

Besides, after dumping in 2025, whales have begun accumulating LINK again, as illustrated by the spike in supply held by whales (red).

If the metrics remain positive and climb higher, it would be bullish conviction for LINK. 

Besides, as a decentralized oracle provider, the tokenization narrative and the need to bring live real-world asset prices on-chain, bodes well for a LINK season.

Even the ongoing LINK on-chain reserve boosts the altcoin’s value through buybacks. 

But we’re at the late stage of the bull market. And since the altcoin hasn’t cleared the previous cycle high of $53, the move to $73-$75 could take a while. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion