• LINK is presently trading at $6.91, representing a 0.98 percent increase in price over the previous 24 hours.
• Some analysts believe LINK might reach $100 by 2025.
• The cryptocurrency has also increased by 6.63 percent in the last seven days.

Eight Global’s CEO and founder, Michael van de Poppe, stated that he feels Chainlink (LINK) is ready for a continuation.

#Chainlink looks ready continuation. pic.twitter.com/whhSEaIDAr

— Michaël van de Poppe (@CryptoMichNL) June 23, 2022

This could be validated by Chainlink’s integration of staking later this year. The development may raise investor interest and attract more long-term investors. This might be boosted by the fact that Chainlink has a very promising vision for 2022, which could result in project growth and efficiency.

Some investors, such as van de Poppe, believe that LINK has a bright future. Some analysts believe LINK might reach $100 by 2025.

LINK is presently trading at $6.91, representing a 0.98 percent increase in price over the previous 24 hours. The cryptocurrency has also increased by 6.63 percent in the last seven days, which could support the continuation theory.

However, it is worth noting that LINK has nearly always been in a decline, breaking through major support levels. The relative strength index on a weekly basis has also reached new lows. On the daily charts, Chainlink has recently witnessed persistent rejections of the 20-day moving average.

If the price of LINK retests the $5.29 support level, it may result in a swing low to the next level at $5.10. But, if the market turns bullish, LINK might see an impulsive wave to about $8.60 – $9.30.