Chainlink (LINK) is one of those cryptocurrencies that seem almost forgotten in this market. The price of LINK hovers around $8, quietly evolving, as most traders pursue louder narratives elsewhere.
But Crypto Patel just provided a very different analysis. He believes that LINK is in a major long-term accumulation zone, and that the next expansion could surprise those who have stopped following it. His chart shows a setup that seems more significant than just a simple bounce.
What the Chainlink chart shows.
Patel highlights a bullish order block on the two-week chart between $5.60 and $7.64. This is the range where buyers have consistently stepped in before.
He also points to the Fibonacci support zone 0.786 near $7.22, which he considers one of the strongest entry levels on the LINK chart.
In simple terms, it is the kind of area where markets often build a base before the next major move.
Another key detail is the long-term descending channel since 2021. Patel notes that the price of LINK has already broken this structure and is in the process of retesting it. This breakout and retest pattern is often the beginning of major trend reversals.
This is not short-term noise. It is LINK changing structure after years of continuous decline.
The ETF calendar adds further momentum to the setup.
Patel also mentions that the launch of spot ETFs could be closer than many think, with around $70 million already accumulated in related exposures.
Chainlink is at the center of the oracle narrative, which continues to support a large part of the DeFi infrastructure. If institutions start to view LINK as more than a retail token, demand could become very different.
The price levels that matter going forward.
Patel's bullish thesis remains valid as long as LINK stays above $5. A weekly close below $4.84 would invalidate this setup and idea.
But if the support holds, he anticipates upward targets at $12, then $31, then $52, with over $100 as a full expansion level. This is where the 17x forecast comes from.
However, the price of Chainlink does not behave like a meme coin. It is building a long-term base, where major cycles often begin.
If Patel's chart plays out, LINK at $8 could become one of the most undervalued positions of this entire rise. Discreet cryptos are often the ones that surprise the most.
