The video analyzes Chainlink's price action in relation to SmartCon events, noting a recurring pattern of price increases leading up to the conferences, with a subsequent peak approximately 30-45 days after the event. The analyst points to accumulation by whales as a bullish sign. Short-term analysis on the 4H chart reveals an inverse head and shoulders pattern, projecting a target of $22. In longer view, LINK priced in BTC indicates a falling wedge and potential move to 0.00006 sats. Combining analysis, a potential target of $90 is suggested, based on Chainlink founder's connections and market dynamics. A price below $16 would invalidate the bullish outlook, and signal more downside.