- Chainlink (LINK) is showing bullish momentum, trading above $16 and aiming for key resistance at $17.20, with targets set at $19.50, $22, and even $30 if breakout conditions hold.
- Technical indicators like RSI, MACD, and EMAs support the uptrend, while strong development activity—especially in RWA integration and cross-chain tools—strengthens Chainlink’s long-term fundamentals.
- As long as LINK stays above the $16.00–$16.20 support zone, the bullish outlook remains intact, with $14.80 acting as a critical level to watch for any trend reversal.
Chainlink’s on the move again. After pushing past $16 on May 23, LINK’s price is now creeping up toward a critical resistance level. Thanks to a mix of rising Real World Asset (RWA) buzz and improving technicals, some analysts think $19.50 could be the next real hurdle.
Testing Trendlines and Breaking Patterns
LINK’s price has been pressing up against this long-term descending trendline that’s been acting like a ceiling since late last year. But this time feels a bit different. A solid daily close was locked in, and now traders are eyeing that $17.20 breakout as the green light toward $19.50.
CRYPTOWZRD chimed in on X, noting how the chart just confirmed a lower-high setup — bullish stuff, apparently. If the next candle follows through strong, that could flip the whole structure and confirm a trend reversal. Basically, since April, LINK’s been making higher lows — which, yeah, usually means the support’s getting stronger.
World of Charts added their take too, showing that LINK’s trying to reclaim old support as new resistance. If it clears that, they’ve got their sights on $22. And maybe even $30 down the road, based on historical patterns.
Indicators Say There’s Room to Run
The RSI’s climbing but not quite overheated yet, while the MACD is still flashing positive. Plus, that 20-day EMA just scooted above the 50-day — a classic bullish crossover. Altogether? It looks like momentum’s still in the bulls’ favor.
Chainlink’s RWA Game Is Strong
It’s not just the price chart doing the talking. Chainlink’s been leading in RWA development lately. Santiment data showed that LINK beat out Avalanche, Stellar, IOTA, and Injective for the most GitHub commits over the past month.
That’s mostly thanks to ongoing work on its Cross-Chain Interoperability Protocol (CCIP) and Proof of Reserve systems. These tools help bridge tokens and assets across different blockchains — pretty important stuff for the growing tokenization trend in traditional finance.
And when devs keep building? That’s usually a good sign that the project’s got legs.
$19.50 and Beyond?
Technically, LINK’s rebounded nicely from that $12.50 bottom and broke out of a falling wedge — which is usually a bullish signal. Right now, it’s consolidating just under resistance, and volatility’s tightening. That usually means a big move is coming soon.
If LINK can close strong above $17.20, then yeah, $19.50’s very much in play. Maybe even $22 or $30 down the line if this thing catches fire.
For now, $16–$16.20 is acting as a solid floor. As long as LINK holds above $14.80, bulls probably still have the edge. But if it slips under that key zone, the rally could stall a bit.
Bottom Line
At the moment, LINK is sitting at $16.07 — holding firm and riding some solid momentum from both price action and dev activity. If it stays in this sweet spot, bulls might have more fuel in the tank. But all eyes are on $17.20 — break that, and we’re off to the races.
