Chainlink LINK Gains Momentum Toward $20 as Development Activity Surges
Chainlink’s daily trading volume jumped 20.37% to $551.62 million, sparking speculation that the 12th-largest cryptocurrency could soon breach the key $20 level. Technical analysts highlight strong support at $16.20, with potential for a rally toward $22.85 if resistance at $17.80 is overcome.
"LINK is retesting the breakout zone from its ascending triangle pattern," observed analyst Stanley Crypto. The bullish case is reinforced by trader Michael van de Poppe’s projection of a $20 target, supported by Chainlink’s growing cross-chain interoperability and oracle network expansion.
Fundamental strength continues as chainlink maintains its position as the most actively developed DeFi project, with developers enhancing its data oracle services across multiple blockchains.
