The action of Chainlink prices demonstrates remarkable resilience under mixed global economic conditions.
The token has established a well -defined upright channel model, with technical indicators supporting a continuous upward dynamic.
After successfully exceeding the mobile average at 200 days, Link maintained its upward trajectory despite short -term resistance.
The exchange outlets are still negative, with $ 11.27 million in bonds coming out of the exchange this week after $ 55.2 million in outings last week. This model of drop in exchange sales generally indicates the accumulation of investors rather than selling pressures.
Meanwhile, Chainlink technology continues to gain ground in the DEFI sector, with recent integrations such as JPMorgan, Ondo Finance and Solana MAINNET.
Project Link analysts could reach $ 20 in the short term, with longer -term forecasts suggesting potential $ 50 growth by 2028 and $ 100 by 2030 while the adoption of its transverse interoperability (CCIP) protocol is developing through the blockchain ecosystem.
Strengths of technical analysis
- Link established solid support at $ 15.60 with high volume purchases emerging in the area from $ 15.27 to $ 15.30 during the period from 6 to 7 p.m. on May 20.
- A significant volume peak (3.08 m) during 11:00 am of May 21 coincided with the resistance level link test of $ 16.24.
- The global trend remains optimistic with higher stockings forming a clear ascending channel.
- Link demonstrated a significant optimistic momentum in the last hour, from $ 15.67 to a peak of $ 15.91, representing a gain of 1.5%.
- A notable volume peak occurred at 1:30 p.m., catalyzing a net ascending movement which established a new level of support around $ 15.75.
- Price action has formed an upward channel with higher stockings, although certain profits have emerged near the resistance level of $ 15.90.
- The last minutes have shown consolidation around $ 15.85, with volume models suggesting accumulation rather than a distribution.
External references
- “Can the chain price prediction: Can the increased adoption of the network rejuvenate the bruise momentum for the link?”, Coinpedia, published on May 20, 2025.
- “Prix prediction Chainlink 2025-2031: a strong feeling of purchase for the link?”, Cryptopolitan, published on May 20, 2025.
- “Chainlink in Rallye mode: The rise in channel training signals following Climb”, Newsbtc, published on May 21, 2025.
- “Chainlink Price targets $ 20 in the form of a overvoltage of exchange outings”, Crypto.News, published on May 21, 2025.
