After 6% Rally Today, Chainlink (LINK) Price is Aiming At 35% Surge, Here’s Why

02 Apr, 2025 Updated 02 Apr, 2025

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Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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After 6% Rally Today, Chainlink (LINK) Price is Aiming At 35% Surge, Here's Why

Chainlink Price Surged 6% Today Before Declining

After bearing a significant downtrend and losing 15% of its value over the month, the LINK price chart presents the recovery potential. Just today, the token surged 6%, reaching a high of $14.36 earlier in the day.

Interestingly, this surge came amid the global crypto market recovery. However, it failed to last long as investors became fearful of today’s Donald Trump tariff announcement. It currently trades at $13.65 and has a market capitalization of $8.96B.

Regardless, the 40% surge in its 24-hour trading volume reveals high investor interest, which could cater to further LINK recovery.

Chainlink Price Prediction: Why 35% Rally Next?

Experts believe the new Tariff outcome could bring volatility, affecting the prices of Bitcoin and other digital assets. This includes the LINK token, but the technical chart shows the formation of a symmetrical triangle pattern, hinting at the upcoming price rally.

The symmetrical triangle is a famous bullish technical indicator, revealing a breakout formation after the consolidation. At present, the LINK price is at $13.64, which is near the apex, and the pattern reveals the breakout possibility.

Crypto analyst Ali Martinez’s X post reveals a 35% breakout is imminent if the token moves up from the breakout point with a substantial trading volume. With that, the Chainlink price prediction opens the possibility for a rally to $21 or higher.

Chainlink LINK is consolidating in a triangle pattern, potentially setting up for a 35% price move. A breakout could be imminent. Watch closely!

However, this is just an anticipation and requires bullish confirmation. If the price moves down the support, it could invalidate the breakout possibility.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Frequently Asked Questions (FAQs)

1. Why did Chainlink's price surge and crash immediately after that?

The Chainlink price surged amid broader crypto market recovery but crashed as investors reacted to the upcoming tariff announcement.

2. Why can the LINK price surge 35% next?

The LINK price charts show the formation of a symmetrical triangle pattern, indicating a bullish breakout.

3. Can Chainlink create a new ATH next?

Chainlink's ATH sits at $52.88, unachievable ever since its creation. The possibility of its overcoming anytime soon is almost impossible.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.