Chainlink enters long-term bullish territory — $40 next target LINKUSDT SPOTBYBIT:LINKUSDTMasterAnandaChainlink went below water for a prolonged period of time to cement the bottom process. Notice how in the past the support range highlighted on the chart would only get challenged briefly. Even with only a brief challenge, LINKUSDT would follow with a bullish wave. This time around we have almost seven months of a bottom process below water, with the present recovery, this now supports a very strong bullish cycle. So we are looking at a very interesting situation. Another relevant factor is the fact that LINKUSDT produced a lower high in August 2025 vs December 2024, we have lower highs and lower lows, this pattern can now easily reverse and this is what gives us a long-term bullish cycle. What to expect in the future The current move goes up and peaks at any level, whatever the market wants. As the wave reaches its end, we get some sort of correction or retrace. This correction would always remain "above water," above the support level highlighted on the chart. The new up-wave that follows then produces a higher high compared to what we will get now and there you have your long-term uptrend, the bullish cycle, a bull market. The minimum we will get is one year of sustained bullish action. Normally, a bull market on a project like this one with this chart setup can last 2-4 years. Normally, present market conditions can result in a new all-time high. Watch, feel, see, experience and wait. Watch! Chainlink is about to grow really strong, it has been doing so already for months, the recovery is already in place. The main targets on this setup based on the intermediate to extended range sits at $20 and $40, three to six months. That's the start and you know what follows. Thank you for reading. Namaste.