Despite its recent correction to kick off the New Year, the cryptocurrency market may have some big plans for Chainlink (LINK). LINK is recovering from a 13% dropoff to start the year, and analysts are bullish on the asset to rebound. One bullish price prediction in particular has the altcoin climbing 50% and returning to $30. When exactly can this surge happen?
Currently, LINK has a resistance level blocking it from growing beyond $23. However, a push beyond this mark in the coming weeks could set the stage for a LINK surge. The asset is set to test this resistance mark, and a successful retest could trigger bullish momentum towards $32. The only downside: this rebound may still be one month away.
According to a price forecast from CoinCodex, LINK is set to reclaim $30 in the second week of February. If all goes to plan, the altcoin will begin slowly rebounding beyond the $23 resistance level in the next two weeks. Come the end of January, CoinCodex projects ADA to $26, which is the early stages of the anticipated surge. The maximum expected price for ADA if all goes well is $27.
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New Data Brings Bullish Optimism for Chainlink LINK
The good news is that on-chain data bodes well for Chainlink. Recent on-chain data from TradingView reveals increasing activity in the LINK ecosystem, providing a positive outlook for its network health. New addresses have surged by 46.39%, and active addresses have jumped by 74.07% over the past seven days. Additionally, zero balance addresses have seen a staggering 140.92% increase, suggesting renewed interest among previously inactive participants. Maintaining this engagement and growth will help LINK climb in the long term, proving bullish predictions right.
2025 was always poised to be a massive year for Chainlink’s LINK cryptocurrency. One of the most important projects amid the ongoing rush for tokenization of real-world assets, it has continued to embrace collaboration. Most recently, it partnered with Ripple to expand the presence of its RLUSD stablecoin. With its continued development, there are still high hopes for the asset as the year continues.
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That is just the beginning though. Indeed, the post-January surge is expected to be monumental for Chainlink. CoinCodex projects LINK to reach a high of $35 in February, up 66% from its $20 price. On the year, they expect a $48 high and a 138% jump from current value.
