ChainLink (Link) Target $32: Timeline is as follows

3 Min Read
3 Min Read

Analysts predict that ChainLink cryptocurrency will reach a one-year high of 32, suggesting a bullish period ahead. This marks a gathering of approximately 126% from the current price of the asset.

ChainLink Price prints double bottom chart patterns, inverting the potential 126% meeting. According to analysts, bullish sentiment among traders has increased after Link’s 30-day MVRV rose to its highest level in a month. Additionally, Link is now forming a bullish setup with a wedge pattern. Prices are integrated within this wedge, indicating a possible reversal of trends. As ChainLink approached the top of the pattern, investors moved sharply, allowing them to unleash a new level of resistance at $32.

Last week there was a bearish feeling around the crypto market. A series of news that has been harming the market has been a re-opening of tariff concerns. The already unstable momentum of ChainLink (Link) reached another hit as tariff tensions blew up again and no clear resolution was visible.

Fortunately, ChainLink has emerged as one of the crypto tokens that could work very well in July 2025, with the double bottom pattern appearing on the weekly timeframe chart. This pattern shows the Bulls defending their support level at $10, and if it is held, it may be a major factor driving price increases. This double bottom pattern is still in its early stages and matures when the price exceeds $18 and turns this price level into strong support. However, gradually increasing purchasing activity supports bullish chain link price forecasts.

Crypto analyst Henry Lord of Alts says ChainLink has endured months of downtrends and silence, but structural changes are ongoing. His analysis highlights that long-standing downtrends have broken and that links have entered a clear accumulation and integration phase. “These zones often come before the biggest move,” Henry points out in X’s post.

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The Link price is currently above the 50-day Simple Moving Average (SMA) and is working for $13.50 for short-term support. If this is true, it could potentially promote ChainLink cryptocurrency rally that enters July, as many analysts predict. A clear break above the next resistance level of $14.65 can confirm a breakout and signal the onset of a larger movement towards the $17-18 range. Once you reach that, the path to linking from $25 to $30 is imminent.

As it stands, the link is still under the 200-day EMA on the daily chart. Until it plays, and the price breaks down to $16, which is still very frail. It could be a breakout to $32, but only if momentum returns and a wider market revitalizes.

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