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Chainlink has been in the news this week after it revealed that it will not support the potential forked versions of Ethereum. Justifying its stance, the oracle protocol’s The crypto asset of well-known decentralised oracle network Chainlink (LINK) is up over 16% in the past 24 hours and 28% in the past week. The rally has taken the popular Chainlink (LINK) jumped 6%, now trading over $13.50, with bullish sentiment pushing the price higher. The Chainlink Long/Short ratio at 1.38 signals strong buyer dominance, with trading 12 de sept. de 2025 Chainlink (LINK) price has shed its recent gains since the Aug 17 crash as the bears force another reversal below the $5.90 support territory. In an outlier on-chain event Hace 1 día CryptoELITES (bullish): Links Chainlink’s rising TVS and partnerships (SWIFT, JPMorgan) to long-term upside, targeting $30. Alphractal (neutral): Notes long liquidations After an impressive 126.19% gain last month, the cryptocurrency is now in a consolidation phase, but several indicators point to a possible upward trajectory in the near According to Santiment, the price of Chainlink is about 10% from reaching $28.5, a level the cryptocurrency lost as far back as January 2025. The market analytics firm believes that most

Chainlink (LINK): Is a 28% Spike Possible This Week? Analyzing the Bullish Potential

Chainlink (LINK) is generating significant buzz in the crypto market. After an impressive performance recently, investors are asking: is a 28% spike possible this week? Let's delve into the factors driving Chainlink's price action and assess the likelihood of reaching that target.

Chainlink's Recent Performance: A Bullish Trend

The crypto asset of well-known decentralised oracle network Chainlink (LINK) is up over 16% in the past 24 hours and 28% in the past week. The rally has taken the popular Chainlink (LINK) jumped 6%, now trading over $13.50, with bullish sentiment pushing the price higher.

Key Factors Influencing Chainlink's Price

Several factors are contributing to the current optimism surrounding Chainlink:

  • Strong Buyer Dominance: The Chainlink Long/Short ratio at 1.38 signals strong buyer dominance.
  • Increasing TVS and Partnerships: Links Chainlink’s rising TVS and partnerships (SWIFT, JPMorgan) to long-term upside, targeting $30. These high-profile partnerships are boosting confidence in Chainlink's utility and long-term prospects.
  • Ethereum Fork Decision: Chainlink has been in the news this week after it revealed that it will not support the potential forked versions of Ethereum. Justifying its stance, the oracle protocol’s... (This decision, while controversial, may solidify support for the main Ethereum chain, indirectly benefiting related protocols like Chainlink).

Challenges and Potential Reversals

While the outlook is largely positive, it's crucial to acknowledge potential challenges. The Chainlink (LINK) price has shed its recent gains since the Aug 17 crash as the bears force another reversal below the $5.90 support territory.

Alphractal (neutral) notes long liquidations, which could create temporary downward pressure.

Analyst Perspectives and Price Targets

CryptoELITES (bullish) sees links between Chainlink's rising TVS and partnerships (SWIFT, JPMorgan) to long-term upside, targeting $30. According to Santiment, the price of Chainlink is about 10% from reaching $28.5, a level the cryptocurrency lost as far back as January 2025. The market analytics firm believes that most...

Conclusion: Is a 28% Spike Likely?

After an impressive 126.19% gain last month, the cryptocurrency is now in a consolidation phase, but several indicators point to a possible upward trajectory in the near future.

While a precise 28% spike this week is not guaranteed, the current bullish momentum, coupled with strong fundamentals and positive analyst sentiment, suggests a strong potential for continued upward movement in Chainlink's price. However, investors should exercise caution and monitor market conditions closely.

Disclaimer: This is not financial advice. Cryptocurrency investments are highly volatile and speculative. Always conduct thorough research and consult with a financial advisor before investing.

Last updated: trading 12 de sept. de 2025

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