Analysts are optimistic about Chainlink ($LINK), predicting it could reach a new all-time high of $100 if it breaks resistance at $47. An Elliott Wave analysis by @Morecryptoonl suggests this is achievable, with the price potentially hitting cycle highs above $100. 23.9% volume decline in 24 hours may pose volatility concerns. However, historical market cycles warn of risks without sustained momentum. Despite a recent dip in trading volume, Chainlink’s robust fundamentals, including a substantial $59.576 billion total value secured and supply tightening via the Chainlink Reserve, underpin bullish sentiment. A recent X post by @Morecryptoonl offers an Elliott Wave analysis suggesting that $LINK could reach cycle highs north of $100 if it breaks resistance at $47. This comes after strong network activity and reduced circulating supply saw a price increase. Macro data on Chainlink’s chart, as presented by @Morecryptoonl, suggests a clear pivot point at $47, where the price’s reaction could determine its next move. The analysis aligns with broader market sentiment and bullish forecasts from CryptoNews, where analyst Ali Charts echoes the $100 target. However, caution is warranted – CoinGecko data shows a 23.9% drop in $LINK’s 24-hour trading volume, hinting at potential volatility. If Chainlink holds above $47, this could pave the way for reaching its full potential and even help some users make mortgage payments, as one X user humorously notes. However, market cycle theories, as outlined by NorthCrypto, highlight four phases – up, peak, down, trough – and the current optimistic outlook relies on sustained momentum. Market volatility remains a key factor to consider. This prediction is just an analysis. Coin Crypto Newz doesn’t provide financial advice. Readers should do their own research before making any investment decisions.