Chainlink sees best performance since 2021 as cup-and-handle targets $100 LINK

Key takeaways:

• LINK price is up 82.5% this quarter, its strongest run since Q1 2021.
• A 45-month cup-and-handle points to a long-term target near $125.
• Institutional RWA adoption and Oracle dominance support a $100 and higher LINK price.

Chainlink (LINK) is experiencing its strongest quarterly performance since Q1 2021, climbing 82.5% since July 1. Currently trading at $24.50, the token faces a key resistance at $25.30, with a monthly close above this level set to mark its highest since October 2021.

The bullish momentum is supported by a long-standing technical structure. On the monthly chart, LINK has formed a massive cup-and-handle pattern stretching across 45 months, or roughly 1,370 days. The setup is nearing confirmation, with neckline resistance around $25.30

LINK one-month chart. Source: Cointelegraph/TradingViewA decisive monthly close above this threshold could trigger a breakout. At the same time, LINK has reclaimed a bullish position above both the 25-month and 50-month moving averages, reinforcing the positive trend.

The long-term price target for LINK could reach as high as $125, a potential 415% rally from current levels. Market analysts are also noting near-term targets.

Trader Javon Marks highlights $47.15 as an immediate level of interest, suggesting the token could see a 90% move higher in the short run. Beyond that, Marks points to $88.26, which would represent gains of more than 255% from current prices.

LINK one-week analysis by Javon Marks. Source: XOnchain data further supports the bullish case. Exchange reserves for LINK have dropped to 158 million tokens as of Sept. 15, the lowest level since June 2022. Reduced supply on exchanges is often interpreted as a sign of declining sell pressure, potentially strengthening the upward rally.

LINK exchange reserves-all exchanges. Source: CryptoQuantRelated: Is SOL next? Solana is copying BNB's price climb to new record highs

Why $100 LINK looks increasingly plausible

The case for $100 LINK is being strengthened by institutional adoption of real-world asset (RWA) tokenization and the protocol’s dominance in the blockchain oracle sector.

Cointelegraph reported that Chainlink recently partnered with UBS and DigiFT in a Hong Kong pilot to automate tokenized fund operations. The initiative aims to streamline subscription, redemption, and settlement of tokenized products using Chainlink’s Digital Transfer Agent contracts.

With Hong Kong fostering innovation in RWA tokenization, the pilot underscores Chainlink’s role as a critical infrastructure for bridging traditional finance and blockchain.

Oracle market share dominance by Chainlink. Source: Token Metrics/XAt the same time, Chainlink continues to dominate the oracle landscape. According to Token Metrics, Chainlink secures over 83% of Ethereum’s total value secured (TVS) and roughly 67–68% of the overall oracle market, safeguarding more than $93 billion in onchain value

The network has enabled $25 trillion worth of transactions to date, supporting over 2,000 active data feeds, and operates CCIP across 60+ blockchains. Data streams throughput surged 777% in Q1 2025, reflecting accelerating adoption.

With 6% of LINK’s circulating supply staked and RWA tokenization gaining momentum, which is a $66 billion market, Chainlink’s utility fuels its current target of a possible $100 token value in the future

Related: ‘Diamond hand’ investor turns $1K into $1M as BNB tops $1,000

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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