Quick Take
  • Currently, LINK is trading around $11–$12, so a move to $35 would be roughly a threefold increase from current levels.
  • I believe $35 is a compelling target because it would place LINK above its 2024 peak while remaining well below its all-time high of approximately $52.70.
  • During the 2020–21 bull market, it surged from around $1.77 at the beginning of 2020 to an all-time high of $52.70 in May 2021.
  • However, it then endured a substantial bear-market drawdown and closed 2022 around $5.57.

What Happened

Microsoft Copilot AI Predicts Chainlink: Technical Analysis Supporting the LINK Thesis

Recent data show increases of 13.5% in July and 38.2% in August, with August taking LINK from approximately $8.19 to over $12.50 at one point during the month. This change indicates a significant shift in momentum.

A recent golden cross occurred in the moving averages, with the 50-day average crossing above the 200-day average in late August. Current estimates place the 50-day average at about $9.60 and the 200-day average at about $9.00.

Market Context

If we assume that full-blown bull-market conditions return between now and the end of 2026, Microsoft Copilot AI predicts that Chainlink (LINK) will hit $35 by January 1, 2027.

Currently, LINK is trading around $11–$12, so a move to $35 would be roughly a threefold increase from current levels. I believe $35 is a compelling target because it would place LINK above its 2024 peak while remaining well below its all-time high of approximately $52.70.

LINK has a history of being highly cyclical. During the 2020–21 bull market, it surged from around $1.77 at the beginning of 2020 to an all-time high of $52.70 in May 2021. However, it then endured a substantial bear-market drawdown and closed 2022 around $5.57.

This historical performance matters because LINK has already shown that a $20–$30 range is not unusual during a strong crypto market.

The key question now is what will happen if the overall market transitions from the current relatively weak environment into a genuine altcoin bull market.

The 2026 chart currently indicates a substantial recovery from a capitulation low. LINK dropped from about $14.40 at the beginning of the year to around $7.00 in June, before rebounding into the $11–$13 range.

A clean breakout through this range would indicate that LINK is entering price discovery territory relative to the most recent cycle, making the $35 target plausible.

Historical Price Action Supports the $35+ Possibility

LINK’s past bull-market moves illustrate just how explosive it can become when momentum builds:

While past performance doesn’t guarantee future results, it provides a useful framework for a bull-market scenario: LINK has historically responded disproportionately when the crypto liquidity cycle turns positive.

Why It Matters

The immediate technical progression to watch is as follows: $12.50 to $14.40, then a run toward $17.50 and $20. $27–31 to $35 completes the move.

The first major hurdle is approximately $12.50–$14.40, where LINK needs to establish itself above this zone. Recent analysis has identified $12.50 as the key breakout level, with $13 as the next target if resistance breaks.

Details

Once LINK surpasses the $17–$18 range, the chart becomes much more interesting, as this area incorporates the swing structure from 2025/2026. The next crucial zone to watch is $27–$31, which includes LINK’s significant highs from 2024–2025.

2019: ~$0.30 → $3.04

2020: ~$1.77 → $20.11

2023: ~$5.13 → $17.67

2024: ~$9.49 → $30.94

2026 low to current: ~$7 → ~$11–12

LINK’s most substantial annual gain occurred in 2020, when it rose over 500%. Even 2023 yielded approximately 165% annual growth.

A move from around $11.50 to $35 would be about +204%, a notable increase but not historically extraordinary for LINK during a significant crypto expansion.

Maxi Doge Targets Early Mover Upside as LINK Tests Key Levels