Chainlink (LINK) Defies Market Turbulence, Targets Key Resistance at $18
Chainlink's decentralized oracle network continues to strengthen its role as essential blockchain infrastructure. The LINK token, now trading NEAR $14, has shown both volatility and resilience in early 2025, rebounding from an April low of $10. Technical analysts identify a bullish rounded bottom pattern forming, with $18 as the next critical resistance level.
Chainlink's Cross-Chain Interoperability Protocol (CCIP) and growing partnership network highlight its expanding utility. Market experts indicate that a clear breakout above $24 could drive LINK toward $32 by December, supported by rising open interest and positive funding rates. With a $9.18 billion market cap, chainlink maintains strong institutional interest despite broader market challenges.
