Chainlink Surges Past $17.85 as Elliott Wave 3 Begins, Targeting $25.51

Chainlink has entered its third wave of the Elliott Wave count after breaking through the $17.85 resistance level, signaling a significant bullish trend. Analysts anticipate further growth to $25.51, with support provided by a key level near $20 and continued buy-pressure from whales. 41% increase in LINK holdings over the last 90 days speaks to this confidence in the token’s long-term trajectory. The market structure has showcased higher lows and higher highs since early August, reflecting a sustained buying interest. Chainlink Reserve and new integrations are further bolstering adoption, adding to the momentum.