Chainlink's price surged over 7% to around $15.35, driven by increased volume and strong support levels, signaling further upside potential.
Analysts anticipate short-term targets between $14.90 to $16.00, with long-term projections aiming for $28 to $32 if positive momentum persists. Technical indicators suggest a potential uptrend in Chainlink's price.
Trader Rai identified a short-term target at $14.90, emphasizing a bullish structure with higher highs and higher lows in the price movement.
Additionally, an Elliott Wave analysis points to a potential move to $32, following a breakout above descending resistance levels, supported by rising volume and institutional interest.