The price of Chainlink has shown a varied performance since the beginning of the year, reaching $24 early in 2025 before experiencing a sharp decline to below $20. Nonetheless, there are positive signs of recovery in the market sentiment.
An influential crypto analyst on X recently suggested that Chainlink’s price is gearing up for another upward movement in the coming weeks. Despite facing some struggles over the weekend, the LINK token has shown resilience over the past week.
Is a New All-Time High Possible for LINK?
In a post on X on January 18, well-known crypto expert Ali Martinez shared an optimistic outlook for the Chainlink price in the near future. Martinez highlighted the potential for Chainlink to grow by over 100% in the current market cycle.
This positive forecast is based on the emergence of a bullish flag pattern on the Chainlink price chart, indicating a continuation of the upward trend. The bullish flag pattern is a significant technical analysis pattern that denotes a potential price increase.
The breakout from the consolidation phase of the bull flag pattern suggests a promising outlook for the LINK price. By measuring the length of the initial flagpole and projecting from the breakout level, the estimated price target for this bullish setup is around $50.
If this rally materializes, it could result in a surge of over 100% for LINK, potentially leading to a return to its previous all-time high of $52.7 recorded in May 2021.
Overview of Chainlink Price Movement
After briefly surpassing $25 on January 18, Chainlink has retraced to approximately $24.13. Despite a 6% decline in the past 24 hours, the LINK token has seen a 20% increase over the last seven days, according to CoinGecko data.
Featured image from iStock, chart from TradingView
