Chainlink (LINK) is trading around $22 after gaining almost 10% over the past week. Daily price movement shows a slight dip, while trading volume stands near $950 million.
Attention is now on whether LINK can continue its climb toward $47, a level that matches the highs of 2021.
Technical Setup Signals Higher Levels
Analyst Ali Martinez shared a 3-day chart showing LINK moving inside an ascending parallel channel since 2023. The price action is holding above $20, which aligns with the 0.786 Fibonacci retracement level. Staying above this zone gives room for further gains.
Notably, the projection marks potential steps toward $29, $35–$39, and then $46 at the 1.272 Fibonacci extension. That level also meets the top line of the channel. Martinez wrote,
$47 could be next for Chainlink $LINK! https://t.co/N2QWDZNiIB pic.twitter.com/HNjRP9Kyp2
— Ali (@ali_charts) October 2, 2025
Channel Structure and All-Time High Zone
EtherNasyonaL pointed to LINK breaking above the middle band of the
We współpracy z: https://cryptopotato.com/link-rally-can-chainlink-break-toward-47-soon/
