Chainlink Price Prediction: Will $50 be the Next Milestone?

Chainlink Price Prediction 2025 is projected to reach $35

#Chainlink price trend suggests a potential significant upswing, evident from a rounding bottom breakout seen on the weekly chart.
Recent market volatility and subsequent pullback cast doubts on the sustainability of the bullish trend.
Notable supply pressure is evident around the $23 mark or the 38.20% Fibonacci level, leading to a rapid decline to $16.
Currently, the altcoin is in the process of retesting a crucial demand zone located near the 23.60% Fibonacci level.
Candles near the demand zone exhibit lower price rejection, suggesting a potential rebound in the near future.
With the $LINK price nearing the 200-day EMA and retesting $16, a potential buying opportunity is presented.
Despite the pullback seen on the weekly chart, $LINK demonstrates substantial upside potential, possibly targeting $35.
However, a decline below the $15 mark or the 200 Day EMA could trigger a retest of $12 or the 50 week EMA.
As per Coingabbar analysis, #Chainlink price prediction 2030 is expected to be $60, while Chainlink #price prediction 2040 suggesting it could potentially exceed $150.