5 Reasons Why Chainlink (LINK) Price May Rise

Jakarta, Pintu News – Chainlink (LINK) prices have experienced a sharp reversal in the past two weeks, entering a bear market after dropping 20% from its highest point this year.

Here are five key reasons why this token could potentially experience a strong bullish surge, citing the Crypto News page.

Chainlink Price Forms a Cup-and-Handle Pattern

Chainlink is showing technical strength that could potentially push its price up in the next few weeks. The price is still above its 50-day exponential moving average, a sign that the bullish trend remains strong despite the recent correction.

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In addition, Chainlink also found support at a strong pivot point according to the Murrey Math Lines tool. Typically, the crypto will rebound after retesting this support level. LINK is also above the Ichimoku Cloud indicator, adding to the positive signals.

Most importantly, LINK’s current price drop is part of a cup-and-handle pattern formation, with the upside at $27.17 and the downside at $10.15.

If calculated with the same distance from the top side of the cup, the price target could be as high as $44, or about 100% higher than the current level. However, if the price drops below the major S/R pivot point at $18, this bullish view will be invalidated.

LINK Reserves, Partnerships, Exchange Balances and ETFs

Other important factors that could drive Chainlink’s performance in the long run include token reserves, strategic partnerships, and potential ETFs.

First, data from Nansen shows that the number of LINK tokens on exchanges continues to decline, signaling that investors are less likely to sell. This reserve dropped to 270 million tokens, from 277 million last month.

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In addition, the number of tokens in the new reserves launched by Chainlink continues to increase. Data shows there are now 237,014 tokens in LINK Reserves worth $5.3 million. This is a notable achievement for the program launched in August, where Chainlink allocates tokens from on-chain and off-chain fees.

Chainlink also has the potential to rebound thanks to partnerships with large institutions. For example, the US Department of Commerce is working with Chainlink to bring on-chain macroeconomic data from the Bureau of Economic Analysis.

Other major partnerships include companies such as Swift and JPMorgan. Recently, Chainlink partnered with Aave (AAVE) after the launch of Horizon, its RWA platform.

Chainlink prices are also expected to rise on hopes that the US SEC will approve the newly filed Bitwise LINK ETF.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crypto News. Top 5 Reasons Chainlink Price is Poized for a Parabolic Move. Accessed on September 8, 2025