HomeAltcoin NewsAnalysts Predict Strong Upside for Chainlink With $21 Seen as Ideal Buy...

Analysts Predict Strong Upside for Chainlink With $21 Seen as Ideal Buy Zone

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Chainlink gains momentum as traders eye $21 as a buy zone while whales and institutions boost long-term accumulation.

Chainlink (LINK) has returned to investor focus as traders and analysts point to new entry opportunities amid market growth. Analysts suggest that $21 could be an ideal buy zone if the token retests its 20-week exponential moving average. This comes as large holders and institutions increase their exposure to the asset.

Traders Eye Key Levels for Accumulation

Michael van de Poppe stated that $LINK continues to show strength during market corrections and may provide traders with strong entry points. He noted that while earlier buying ranges around $6 to $8 offered better value, the current market cycle shows an uptrend in motion. According to his analysis, buying near $21 could position investors well for a move toward new highs.

Source: X

Michael added that the “next correction could be a lifetime opportunity to accumulate,” suggesting that traders should monitor support levels closely. His comments came alongside a podcast appearance with Chainlink co-founder Sergey Nazarov, who discussed the project’s recent developments and growth outlook. This has further fueled expectations of future demand for the token.

Whale Activity and Institutional Adoption

On-chain data shows that whales recently accumulated around 3.7 million LINK tokens, which analysts interpret as preparation for a long-term holding strategy. This accumulation trend aligns with increasing interest from institutional players and adds weight to the outlook of stronger demand. Large investors have historically influenced market sentiment, and their involvement in LINK suggests confidence in future growth.

Institutional adoption has also advanced with notable announcements. Nasdaq-listed real estate asset manager Caliber integrated LINK into its digital treasury strategy, supported by a new advisory board. The move was framed as a long-term bet on staking rewards and token utility, adding LINK to a growing list of assets being held by major firms.

Chainlink’s Expanding Role in Blockchain Infrastructure

Chainlink recently entered into a partnership with the U.S. Department of Commerce to bring government economic data onto multiple blockchains. The data includes GDP, PCE Price Index, and other economic indicators, distributed across platforms such as Ethereum, Avalanche, and Optimism. Analysts believe this development could expand DeFi use cases including automated trading, lending risk assessments, and prediction markets.

These advancements are strengthening Chainlink’s position as a core infrastructure provider for decentralized applications. As adoption grows, analysts suggest that corrections around the $21 buy zone could be viewed as opportunities rather than setbacks. With an established track record of recovery after downturns, Chainlink remains central to blockchain integration in both private and public sectors.

 

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