Chainlink Price Tests Key Demand Zone Amid Analyst's Bullish Prediction

Chainlink (LINK) has been gaining attention in the cryptocurrency market after a prominent analyst predicted that the token could be undervalued in an important demand area. The price of LINK is currently testing the $4–$4.70 demand zone, which is considered a key area of institutional accumulation.

The analyst suggests that if the price stays above $4.00 on the monthly chart, it could indicate a big move for LINK. The potential upside targets include $13, $30, $42, and ultimately $53+, representing gains of over 500% from current levels.

However, technical indicators suggest weakness in the market, with the weekly RSI near oversold levels and a negative MACD indicating caution for investors.