“Chainlink's $90 Dream: Will LINK Become the Next ETH?”
Chainlink (LINK)'s price surge has attracted widespread attention, supported not only by technical patterns but also by a strong push from recent market sentiment and institutional enthusiasm. As the LINK price shows a historical trend similar to Ethereum, analysts speculate that it may be on the verge of breaking through the $90 threshold.
Since 2018, LINK has experienced three major peaks and corrections, akin to Ethereum's trajectory before 2020. After Ethereum broke through its low to a historic high of $4,800, investors are hopeful that LINK can effectively replicate this, targeting $90.
Open interest in futures has reached a historic high, and market confidence continues to strengthen. Chainlink’s futures open interest (OI) has reached an astonishing $770 million, far surpassing other tokens like Toncoin (TON) and Tron (TRX). With whales and institutional investors increasing their positions, demand for LINK continues to rise, expected to drive its price to higher levels.
From a technical perspective, LINK has broken through key resistance levels, with the current trading price stabilizing above $30. The next challenge will be in the $35-$40 range, but bullish sentiment remains strong, with both RSI and MACD indicators showing upward potential.
On-chain data and ecosystem expansion make investors more optimistic. As a pioneer of decentralization, LINK has not only captured the attention of institutional investors but the heated futures market also indicates that future prospects provide support. Although there may be fluctuations in the short term, the long-term potential of LINK is worth anticipating.
$90 may seem far off, but as long as the current growth momentum is maintained and a wide array of investor interest continues to be attracted, Chainlink may soon break through this important threshold. The market is still observing, and the future growth space cannot be underestimated.
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