Chainlink (LINK) Eyes $18 Price Target as Bullish Momentum Accelerates

Chainlink (LINK) is regaining momentum after weeks of subdued activity in the crypto markets. The token has firmly held above the $12.50 support level, sparking analyst predictions of a potential surge to $18. Currently trading at $14.28, LINK has posted gains of 3% over 24 hours and 4% weekly, drawing renewed interest from retail and institutional traders alike.

Technical analysis reveals a bullish ascending channel formation, with $12.50 acting as a critical floor. A sustained hold above this level could propel LINK toward its next major resistance at $18. Beyond chart patterns, Chainlink's fundamental value as the leading decentralized oracle network continues to underpin its price action. The protocol's role in bridging real-world data with blockchain applications makes it indispensable across DeFi, insurance, and tokenized asset markets.