Chainlink price has made its way into a strong uptrend, climbing to $17.13 with a daily gain of 3.58% and a 19.55% weekly increase. The token’s price spike comes along with a wave of optimism surrounding blockchain utility, driven by Chainlink’s integration with Australia’s PayTo via Project Acacia.
Moreover, the impetus also comes from growing institutional support, backed by partnerships with SWIFT, Google Cloud, and favorable U.S. crypto policy developments. Considering, stacking some LINK? If yes, then this Chainlink Price Analysis is a must-read for you.
On the daily chart, LINK is nearing a critical resistance zone at $17.50–$18.00. This level has been a rejection zone in the past. And a failure to decisively close above could trigger a short-term correction. However, if bulls manage to push the price above this level, the next major target lies near the $20 psychological level.
The RSI currently reads 75.82, suggesting overbought conditions and a possible pullback to be on the horizon. Successively, Bollinger Bands are also expanding, confirming the volatility surge, while LINK is trending above its 20-day SMA at $14.46, which now acts as dynamic support.
Volume has picked up to $873.04 million, increasing by 8.99%, bolstering the conviction behind the price move. Contrarily, the Immediate support is seen at $15.25, a key breakout level that could act as a retest zone if a pullback occurs. In summary, a daily close above $17.50 could trigger the LINK price for the next wave toward $20. However, it is worth noting that a rejection at this level might invite short-term profit booking.
Chainlink’s price surge is driven by real-world integrations like Project Acacia, rising institutional support, and altcoin rotation.
The crucial resistance lies between $17.50 and $18.00, a breakout could push the price toward $20.
The RSI at 75.82 suggests overbought territory, indicating potential short-term consolidation. If you are up for short-term trades, you need to consider this.
Altcoin giants under $1 are flashing breakout signals, backed by news, on-chain surges, and explosive…
Bitcoin believer and Strategy executive chairman Michael Saylor is back in the spotlight. In a…
Meme tokens continue to break expectations. Once dismissed as mere hype, they’re now being tracked…
Shiba Inu has returned to market attention as its chart formation nears a potential breakout…
A fresh wave of optimism has pushed Shiba Inu out of its recent decline after…
Lightchain AI is rapidly approaching its much-anticipated launch scheduled for the end of July 2025,…
