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The Chainlink price dropped 3% in the last 24 hours to trade at $16.72 as of 12:26 a.m. EST, with trading volume dropping 30% to $517 million.
The drop in the LINK price comes despite JPMorgan completing its first tokenized US Treasury transaction on a public blockchain after years of operating exclusively within private, permissioned networks made for institutional clients.
🚨 JUST IN: @chainlink, @jpmorgan’s Kinexys, and @OndoFinance just settled a tokenized U.S. Treasury trade across blockchains for the first time. 🔁💵
One chain handled the asset, the other handled payment — settled instantly, with Chainlink tech.
Big WIN for #RWA, LFG! 🚀 pic.twitter.com/3GLWF7xusq
— Real World Asset Watchlist (@RWAwatchlist_) May 14, 2025
The testnet transaction was carried out via a partnership with Ondo Finance, a major player in real-world asset (RWA) tokenization, and Chainlink, the leading cross-chain oracle network.
Chainlink Price Aims For A Bullish Rally
The LINK price chart reveals a significant bullish development marked by the formation of a classic Inverse Head and Shoulders pattern. This pattern is widely recognized as a reliable reversal signal, especially after a downtrend.
The formation includes a clearly defined left shoulder, a lower head, and a right shoulder that aligns with the left in symmetry. The neckline resistance is around the $15.50–$16.00 zone, according to GeckoTerminal data.
Chainlink price action recently broke above the neckline and reached a local high near the $17.70 region, aligning closely with the 200-day Simple Moving Average (SMA).
This breakout confirms the bullish reversal pattern, which suggests that the price of LINK may be transitioning from a prolonged bearish or sideways trend into a new upward phase.
Resistance zones lie ahead around the $19.00–$20.00 mark and a stronger one between $25.5–$26.8, indicating potential future price targets if the bullish momentum sustains.
Meanwhile, the 50-day Simple Moving Average (SMA), currently at $13.99, has recently turned upward and is positioned below the 200-day SMA ($17.71), indicating a lagging bullish crossover could be forming, a potential golden cross in development if sustained.
Moreover, the Relative Strength Index (RSI) is at 62.53, approaching overbought territory but still below the threshold of 70. This suggests increasing bullish momentum without being overheated, which supports the continuation of the uptrend in the short term.
The MACD (Moving Average Convergence Divergence) shows a positive crossover, with the MACD line (0.85) above the signal line (0.66), and histogram bars in green.
LINK Price Heads For A 13% Surge
With the confirmed inverse head and shoulders breakout and the alignment of bullish technical indicators, LINK appears poised for further upside.
The measured move from the neckline suggests a target around $19.11 in the near term, representing a 13.28% gain from the neckline breakout.
If momentum continues and the price can decisively clear the 200-day SMA resistance at $17.71, the Chainlink price could push toward the upper resistance zone at around $25.86 over the coming weeks.
However, in case of bearish pressure, the $14.80 support zone acts as a cushion against downward pressure for the price of LINK.
In the meantime, investors are flocking to buy Best Wallet (BEST), which popular YouTube channel 99Bitcoins, with over 725K subscribers, says has the potential to soar 10X after launch.
Best Wallet Presale Races Toward $13 Million
BEST, the cryptocurrency powering the trending Web3 platform Best Wallet, recently broke past the $12.3 million milestone in its presale.
This crypto wallet stands out from industry giants like MetaMask and Phantom, not just because of its native token but because of its unique features you won’t find elsewhere.
What truly sets Best Wallet apart is its support for over 60 blockchains, including Bitcoin, Ethereum, Solana, XRP, and Cardano.
Designed as a multi-chain, non-custodial solution, Best Wallet also allows users to fully own and control their crypto assets without depending on centralized intermediaries.
Tired of switching apps just to manage different tokens? 📱
A multi-chain wallet lets you hold Bitcoin, Ethereum, Base assets, and more — all in one place.
No more juggling logins or copying addresses between platforms.✅ Track all your assets in one place
✅ Make swaps across… pic.twitter.com/OvpZi1dJtw— Best Wallet (@BestWalletHQ) April 22, 2025
Among the many features of Best Wallet, one is gaining outsized interest from investors. That is its “Upcoming Tokens” section, which helps users discover promising projects still in the early stages.
The project’s success in identifying promising cryptos is already well established. It flagged Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered massive gains for early investors.
Investors can also stake BEST tokens for a huge 119% annual return. Currently, BEST tokens are priced at $0.025025.
Those interested should buy before a price hike in around 12 hours.
Check out BEST on its official website.
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