Chainlink (LINK) Eyes $17 Breakout on Binance as Bullish Momentum Builds

Chainlink (LINK) is showing strong signs of a potential bullish breakout, with technical indicators and trading volume dynamics suggesting a rally toward the $17 mark. Between May 20 and May 23, LINK/USDT on Binance surged from below $15 to above $17, fueled by notable buying pressure and improving market sentiment. Analysts highlight that if key resistance levels are breached, the cryptocurrency could sustain its upward trajectory, offering traders a promising recovery rally. As of May 29, 2025, LINK remains a standout asset in the crypto market, with Binance serving as a key platform for its price action.

Chainlink Price Prediction: Bullish Crossover Looms as LINK Eyes $17 in Recovery Rally

Chainlink (LINK) shows signs of a potential breakout, with technical indicators and volume dynamics pointing toward a rally to $17. The cryptocurrency’s recent price action, supported by moderate gains and strengthening metrics, suggests a sustained upward trend if key resistance levels are breached.

Between May 20 and May 23, LINK/USDT on Binance surged from under $15 to above $17, driven by a notable increase in Aggregated Open Interest (OI). This spike in OI indicated fresh long positions entering the market. However, resistance triggered a swift pullback, signaling profit-taking or liquidations.

From May 24 to May 26, LINK consolidated between $15.50 and $15.90, with flattening OI reflecting reduced leverage and cautious trader sentiment. A decisive breakout above $16, accompanied by rising OI, could confirm renewed bullish momentum. For now, Chainlink’s price trajectory hinges on volume trends and market structure stability.

Hasbulla’s BULLA Token Faces Scam Accusations Amid Growing Crypto Criticism

Russian influencer Hasbulla’s latest memecoin venture, BULLA, has come under fire as crypto investigators and analysts raise alarms over potential fraudulent activities. The token, which amassed $20 million in presale funding within 24 hours, is now embroiled in controversy reminiscent of past rug pulls.

Crypto sleuth ZachXBT and analyst Wise Advice have highlighted troubling parallels to Hasbulla’s previous project, BARSIK, which allegedly exited with investor funds. Binance faces criticism for endorsing the influencer despite this track record, sparking debates about exchange accountability in meme-driven markets.

The situation underscores persistent vulnerabilities in the memecoin sector, where viral HYPE often overshadows due diligence. With one address contributing nearly $1 million to the BULLA presale, the episode serves as a cautionary tale about celebrity-backed crypto projects.