LINK Eyes Jump to $34 in January

Chainlink (LINK) is preparing for a new surge in January to rebound from its current correction phase. The asset is ending 2024 on a good note, up over 20% in the last 30 days. LINK is also up 38% in the past year, currently trading at $22. Entering January 2025, several price predictions are bullish for the altcoin, with one eying a jump to $34: a near 50% jump.

According to price analysis from CoinCodex, January will be the start of a bullish rebound period for LINK. The analysts suggest the altcoin will trade at a minimum of $ 23.76: a boost already from current prices. However, the max the asset is projected to reach is $ 43.03: a potential ROI of 91%. CoinCodex averages Chainlink price to sit at $34, which is a much more sensible yet bullish prediction.

The entire industry has high hopes for 2025, and many expect it to outperform what has taken place over the last 12 months. With Bitcoin set to lead an ongoing surge into unprecedented territory, analysts are expecting Chainlink to be among the assets set to break records in the coming “altcoin season.”

Whales are also in on Chainlink

Furthermore, Chainlink’s current price action suggests that a shift in momentum could be on the horizon. Whales are capitalizing on this, with a reported withdrawal of 362,380 LINK recently, valued at approximately $8.19 million, from Binance. The whale activity signals a potential price breakout, further tempting investors to go bullish. These bull buys, combined with several bullish metrics, point to the possibility of a price rebound to $34, especially if LINK can sustain its current $21 support level. Maintaining stability above this price could mean huge gains come the expected crypto surge of 2025, proving price predictions right.

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Looking beyond January, Chainlink expects to have its best performance of the year in May, according to CoinCodex. The asset projects an average price of $63 that month, with a low of $37.11 and a high of $81.83. That high would mean an ROI at current prices of over 268%.