Analyst’s crazy price prediction for Chainlink (LINK).

A famous crypto analyst has shared his Chainlink ($LINK ) price prediction for the upcoming bull season.

Chainlink made a strong comeback in November and is aiming for its best monthly performance since May. This rally has been fueled by the broad rally in the overall cryptocurrency market. One analyst predicts that this rally is just beginning and that the LINK price could reach $100.

Market analysts on the X platform (formerly Twitter) believe that the Chainlink price has the potential to rise further. WSB Trader Rock, an analyst who has previously made accurate predictions, stated that LINK will rise to $100 in the near term.

Another crypto analyst, Bubbafox, has a more optimistic view on the $LINK price. Bubbafox says LINK could rise to $2,000, in which case it could be an 11,000 percent increase from the current level. Bubbafox bases this prediction on a regression analysis he conducted on the weekly chart.

Chainlink price is up over 123 percent from its August lows and has followed the performance of many cryptocurrencies. It is currently trading at a significant resistance level at $19.18 on the daily chart.

This level is notable because it coincides with the top of a round bottom or “cup and handle” formation. When such levels are broken, an asset usually consolidates or experiences a pullback; such a situation is currently being observed.

The cup and handle (C&H) formation usually leads to a strong bullish breakout because it is one of the most popular continuation formations. #LINK has also formed a bullish flag (bullish pennant) formation. This formation consists of a long flagpole and a triangle structure and, like the C&H, is one of the strongest bullish formations in the market.

In addition, Chainlink price is showing potential for further upside as the 50-day and 200-day exponential moving averages (EMAs) cross over each other to form a “golden cross.”