Luisa Crawford
Jan 28, 2026 14:55
Chainlink (LINK) shows potential for 22-27% gains despite current bearish momentum, with analysts targeting $14.50-$15.00 short-term and $15.50-$16.50 medium-term.
LINK Price Prediction: Chainlink Eyes Recovery Despite Technical Headwinds
Chainlink (LINK) is currently trading at $11.84, down 0.42% in the past 24 hours, but recent analyst forecasts suggest significant upside potential in the coming weeks. Despite bearish technical momentum, the oracle token appears positioned for a potential recovery rally.
LINK Price Prediction Summary
• Short-term target (1 week): $14.50-$15.00
• Medium-term forecast (1 month): $15.50-$16.50 range
• Bullish breakout level: $14.52
• Critical support: $13.20
What Crypto Analysts Are Saying About Chainlink
Recent analyst coverage has shown cautious optimism for LINK’s price trajectory. Jessie A Ellis provided a Chainlink forecast on January 23, 2026, setting short-term targets of “$14.50-$15.00” for the one-week horizon and projecting a “medium-term forecast (1 month): $15.50-$16.50 range.” Ellis identified the “bullish breakout level: $14.52” with “critical support: $13.20.”
Similarly, Zach Anderson offered nearly identical projections on January 17, 2026, with the same short-term and medium-term price ranges, noting a slightly different support level at $13.23.
These convergent analyst views suggest growing confidence in LINK’s ability to break above current resistance levels, representing potential gains of 22-39% from current levels.
LINK Technical Analysis Breakdown
The current technical picture for Chainlink presents mixed signals. The RSI reading of 38.21 indicates LINK is approaching oversold territory but remains in neutral zone, suggesting potential for upward movement without being overbought.
LINK’s position within the Bollinger Bands tells a compelling story. Trading at $11.84 with a Bollinger Band position of 0.18, Chainlink is very close to the lower band support at $11.27. This positioning often signals potential mean reversion toward the middle band at $12.84.
The MACD histogram shows -0.0000, indicating bearish momentum has essentially flatlined, which could signal an impending trend reversal. Key resistance levels stand at $12.10 (immediate) and $12.35 (strong), while support is found at $11.68 (immediate) and $11.51 (strong).
Moving averages paint a bearish short-term picture with LINK trading below its SMA 7 ($12.00), SMA 20 ($12.84), and SMA 50 ($12.87), though the token remains significantly below the SMA 200 at $17.50.
Chainlink Price Targets: Bull vs Bear Case
Bullish Scenario
In the bullish case for this LINK price prediction, a break above the immediate resistance at $12.10 could trigger momentum toward the $12.35 level. Successfully clearing $12.35 would align with analyst projections of $14.50-$15.00, requiring a sustained break above the Bollinger Band middle line.
The key catalyst would be LINK reclaiming its 7-day moving average at $12.00, followed by a decisive move above $12.35. Volume confirmation above the current 24-hour average of $32 million would strengthen the bullish thesis.
Bearish Scenario
The bearish scenario sees LINK failing to hold current support levels. A breakdown below $11.51 (strong support) could lead to further downside toward the Bollinger Band lower level near $11.27. Extended weakness might test the psychological $11.00 level.
Risk factors include broader crypto market volatility, potential regulatory concerns affecting oracle tokens, and failure to maintain above the critical $13.20 support level identified by analysts.
Should You Buy LINK? Entry Strategy
For those considering LINK positions, the current technical setup suggests waiting for confirmation signals. A conservative entry strategy would involve:
Entry Point 1: $11.50-$11.70 range (near current strong support)
Entry Point 2: $12.05-$12.15 (on confirmed breakout above immediate resistance)
Stop-loss suggestions: $11.25 (below Bollinger lower band)
Take-profit levels: $14.50 (initial target), $15.50 (extended target)
Risk management remains crucial given LINK’s daily ATR of $0.55, indicating significant intraday volatility.
Conclusion
This LINK price prediction suggests Chainlink could deliver substantial returns over the next month, with analyst targets implying 22-39% upside potential. The convergence of multiple analyst forecasts around the $14.50-$16.50 range provides confidence in the Chainlink forecast, despite current technical headwinds.
However, LINK must first overcome immediate resistance levels and demonstrate sustained buying pressure above $12.35 to validate these optimistic projections. The token’s position near Bollinger Band support suggests either a bounce is imminent or further downside could materialize if support fails.
Disclaimer: Cryptocurrency price predictions are inherently speculative and should not constitute financial advice. Always conduct your own research and consider your risk tolerance before investing.
Image source: Shutterstock
Source: https://blockchain.news/news/20260128-link-price-prediction-targets-1450-1500-by-february-2026
