Chainlink Price Prediction: LINK Breaks Key Downtrend Line, Next Target $30

After several weeks of consolidation, Chainlink (LINK) has successfully broken through a key downtrend line, signaling that its momentum may undergo a significant shift in 2025. This breakout is supported by whales and buyers, along with confirmation of trading volume. Meanwhile, Chainlink, as a decentralized oracle network, is deepening institutional collaborations, which also provides solid fundamental support for its long-term rise.

Break through the downward trend line and enter a new bullish phase

The price trend of LINK is attracting market attention. Analyst Rand pointed out on his social media that LINK's "clean" breakout from the downward trend line has reset market sentiment. This is seen as a strong bullish signal, indicating that bulls are regaining control and laying the foundation for further price rise.

Price Trends and Key Technical Levels

As of the writing of this article, the price of LINK is $23.61, with a market capitalization of $16.02 billion, having risen by 0.11% in the past 24 hours. Its 24-hour Trading Volume exceeds $960 million, reflecting strong market interest.

Resistance level: After breaking through, the price is consolidating around $22, which was a key resistance level. If it can hold, the next target will be the important psychological and technical level of $30. The long-term target is $50.

Support Level: The key support level is around $19.53, which was previously a resistance and has now turned into support. This helps stabilize the price and provides a foundation for bulls to rebuild strength.

Fundamentals and Investor Activity: Institutional Collaboration is Key

The fundamental development of Chainlink provides strong support for this price breakthrough. Investor sentiment remains optimistic, thanks to its continuously expanding institutional partnerships:

Collaboration with Japan's SBI Group: In August 2025, Chainlink announced a strategic partnership with Japanese financial giant SBI Group, aiming to accelerate the adoption of digital assets in the Asia-Pacific region through technologies such as Chainlink's Cross-Chain Interoperability Protocol (CCIP), as well as to achieve the tokenization of real-world assets such as real estate and bonds.

Collaboration with UBS and DigiFT: In September, Chainlink established a new partnership with global wealth management giant UBS and the regulated real-world asset (RWA) exchange DigiFT to automate tokenized fund operations, marking a significant advancement in the integration of traditional finance and blockchain technology.

Technical Indicators and Future Outlook

From a technical indicator perspective, there are some complexities in the short term. For example, the Chaikin Money Flow (CMF) is -0.14, indicating potential profit-taking pressure; while the Bollinger Band Width (BBP) is 0.86, showing increased volatility.

Nevertheless, the overall market sentiment remains bullish. Analysts predict that the average price of LINK could reach around $24 in September, with medium to long-term targets between $30 and $40. If market adoption and demand accelerate, it could even test $50.

Conclusion

Chainlink's recent price breakthrough, combined with the continuous development of its core infrastructure and deep collaborations with global financial giants, is creating an attractive outlook for its future growth. Although short-term fluctuations still exist, the project's key role in connecting traditional finance with the blockchain ecosystem positions it for significant growth in the long term.