Chainlink (LINK) is one of those coins that almost feels forgotten in this market. The LINK price is sitting around $8, moving quietly, with most traders chasing louder narratives elsewhere.
But Crypto Patel just dropped a very different take. He believes LINK is sitting inside a major long-term accumulation zone, and the next expansion could shock people who stopped paying attention. His chart points to a setup that looks bigger than a normal bounce.
- What The Chainlink Chart Is Showing
- ETF Timing Adds More Fuel to the Setup
- Price Levels That Matter Next For LINK
What The Chainlink Chart Is Showing
Patel highlights a bullish order block on the two-week chart between $5.60 and $7.64. That’s the range where buyers have consistently stepped in before.
He also points to the 0.786 Fibonacci support near $7.22, calling it one of the strongest entry levels on the LINK chart.
In simple terms, this is the kind of zone where markets often build a base before the next major move.
Source: X/CryptoPatel
Another key detail is the long-term descending channel from 2021. Patel says the LINK price has already broken out of that structure and is now retesting it. That breakout-and-retest pattern is often where big trend reversals begin.
It’s not about short-term noise. It’s about LINK shifting structure after years of grinding lower.
ETF Timing Adds More Fuel to the Setup
Patel also mentions that spot ETF launches could be closer than many expect, with around $70 million already accumulated in related exposure.
Chainlink sits at the center of the oracle narrative, which still powers a huge part of DeFi infrastructure. If institutions start treating LINK as more than a retail token, demand could look very different.
_****Ethereum Holds the TVL… But Solana Owns the Action**
Price Levels That Matter Next For LINK
Patel’s bullish thesis stays intact as long as LINK holds above $5. A weekly close below $4.84 would break the setup and invalidate the idea.
But if support holds, he maps out upside targets at $12, then $31, then $52, with $100+ as the full expansion level. That’s where the 17x forecast comes from.
However, the Chainlink price isn’t moving like a meme coin. It’s sitting in a long-term base, right where major cycles often start.
If Patel’s chart plays out, LINK at $8 could end up being one of the most overlooked positions of this entire run. The quiet coins are usually the ones that surprise the hardest.
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