Chainlink (LINK) Demonstrates Strength in Volatile Market, Eyes $25-$30 Range

Chainlink (LINK) has surged nearly 20% from last week's lows, signaling renewed investor confidence. Trading volume and volatility are increasing as the cryptocurrency establishes a base structure, potentially indicating the end of its accumulation phase. A recent partnership with Mastercard has further boosted sentiment, with LINK now trading above $13.

Despite being 25% below its May high—a reflection of broader market pressures from macroeconomic uncertainty and geopolitical tensions—LINK has maintained a steady consolidation range. crypto analyst Henry Lord of Alts highlights a structural shift: "These zones often precede significant price movements. If this pattern holds, a breakout toward $25–30 wouldn’t be surprising."

The 50-day simple moving average at $13.50 now serves as short-term support. Holding above this level could trigger further upward momentum.