Join Our Telegram channel to stay up to date on breaking news coverage
Chainlink (LINK) is making a confident push in the crypto market, buoyed by rising demand and a solid rebound from recent lows. Its technical setup points to continued strength, while its real-world use cases continue to expand. Will this combination of momentum and utility be enough to carry LINK past the $20 mark?
LINK Key Statistics
- Current Price: $16
- Market Cap: $11 billion
- Trading Volume (24h): $640 million
- Circulating Supply: 647 million LINK
- Total Supply: 1 billion LINK
- CoinMarketCap Ranking: #12
Chainlink (LINK) is trading 1.61% above its recent 7-day and 30-day highs. The token has seen a significant recovery from its recent lows. Specifically, it’s up 44.55% from the 30-day low and 27.99% from the 7-day low.
LINK/USD Market
Key Levels
- Resistance: $17, $18, $20
- Support: $13, $12, $10
Chainlink (LINKUSD) is currently trading around $16.96, showcasing strong upward momentum on the daily chart. The Parabolic SAR dots positioned below the candles confirm a bullish trend continuation, while the MACD histogram expands in positive territory, accompanied by a fresh bullish crossover. Should the price sustain this rally, the next significant resistance levels may appear near $17, followed by $18 and $20. However, if LINK fails to break above $17, a pullback could unfold, potentially inviting consolidation or a minor retracement.
On the downside, support levels to watch include $13, which coincides with a previous consolidation zone. Below that, $12 stands as the next possible cushion, and deeper correction could reach the $10 low from earlier this year. If LINK retreats to these zones but maintains a higher low structure, the overall trend would still favor bulls. The present technical posture remains optimistic, yet a close eye should be kept on momentum indicators for any sign of weakening drive, which might signal a cooling phase in this elegant climb.
Is Chainlink (LINK) Ready to Break Above $20 Soon?
Chainlink (LINK) is drawing increased attention as it inches closer to the $20 threshold, a level that could soon be within reach if current momentum holds. There’s a growing probability—perhaps better than even odds—that this move has the strength to continue, fueled by renewed interest in quality crypto projects with clear utility. As traders and investors lean into projects with long-term viability, LINK’s recent rise seems less like a fluke and more like a calculated return to form.
Chainlink Price: More Technical Insights
From a fundamental perspective, Chainlink’s ecosystem continues to expand, and the likelihood of its services becoming a staple across multiple industries appears stronger than ever. Its technology powers critical infrastructure in DeFi, insurance, and tokenized real-world assets, making it a frontrunner in the oracle space. With more partnerships forming and demand for secure data feeds growing, the probability of LINK breaking past the $20 mark in the near future is rising steadily. Will the next wave of adoption be the final push it needs?
LINK/BTC Performance Insight
The LINK/BTC daily chart shows the pair trading at 0.0001625 BTC, down 1.75% on the day. The Parabolic SAR dots remain above the price, indicating that downward pressure is still present, though losing intensity. The MACD lines are showing a slight bullish crossover near the zero line, suggesting early signs of potential momentum shift. Key support levels are seen at 0.0001412 and 0.0001357 BTC, while resistance near 0.0001650 must be broken for a stronger upside attempt to unfold.
Meanwhile, It was reported recently on X by the crypto enthusiast DeFi Dynamos that Swift will begin trialing live digital asset and currency transactions across global banks next year. This development was seen as aligning well with Chainlink’s Cross-Chain Interoperability Protocol (CCIP), suggesting a positive implication for LINK due to its capacity to enable secure and interoperable transfers across various networks.
BREAKING: Swift to trial live digital asset & currency transactions next year across global banks.
This milestone aligns perfectly with #Chainlink CCIP, enabling secure, interoperable transfers across networks.#digitalassets #interoperability #Swift #CCIP #crypto #fintech pic.twitter.com/8yeyMOnBVq— DeFi Dynamos (@DeFiDyn) May 11, 2025
Alternatives to LINK
Chainlink’s growing adoption across diverse industries signals its rising influence in shaping the future of decentralized innovation. Positioned to ride this momentum, Best Wallet emerges as a versatile multi-chain platform built to accommodate LINK and a wide range of digital assets. The wallet offers robust security, seamless transactions, and an integrated DEX aggregator, enhancing user experience. With added features like fiat conversion and support for mainstream payment systems, Best Wallet caters to both newcomers and experienced crypto enthusiasts.
Central to Best Wallet’s ecosystem is its native token, $BEST, which complements LINK by offering users added value and functionality. By holding $BEST, users enjoy reduced transaction costs, gain governance rights, and can access attractive staking opportunities. Furthermore, $BEST enhances cross-chain interoperability across various decentralized exchanges, making it a vital asset within the DeFi landscape.
How to Find Your Bitcoin Address in Best Wallet
Following a successful presale that raised over $12 million, $BEST is gaining momentum as a strong player in the crypto space. With Best Wallet now available for download, users are equipped with a secure and flexible platform for managing LINK and other digital assets, ensuring a smoother journey through the evolving world of decentralized finance.
Related News
- Chainlink Price Prediction for Today, April 27 – LINK Technical Analysis
-
Trump Plans Crypto Wallet Launch – But Is He Too Late To Challenge Best Wallet’s $12M ICO?
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
