Chainlink (LINK) Jumps 22% This Week, Targets $21 as Bullish Momentum Builds

Chainlink's LINK token has rallied 22.61% over the past seven days, currently trading at $19.62 with a 0.64% gain in the last 24 hours. Trading volume increased by 2.56% to $1.08 billion, signaling heightened market activity. Technical analysts point to the token's consistent hold above the $17.50 support level as a strong bullish indicator.

Crypto_Jobs, a noted market analyst, observes limited selling pressure despite resistance near the $20 Fibonacci level. Traders are opening Leveraged positions with a near-term price target of $21. LINK's outperformance during broader market volatility indicates growing investor confidence in the asset.

While 2025 price forecasts vary significantly, reflecting ongoing uncertainty about long-term valuation, Chainlink's oracle network continues to solidify its position as essential DeFi infrastructure.