Chainlink (LINK) Breaks $19 Resistance, Targets $22-$28 Range Amid Institutional Demand

Chainlink's LINK token has surged past the critical $19 resistance level, currently trading at $18.23 with a 2.13% gain. Analysts now project bullish targets between $22 and $28, citing institutional adoption and technical momentum as key drivers.

The breakout is significant as it marks an escape from a long-term Gann arc resistance pattern. The RSI at 64.36 suggests sustained upward pressure without overbought conditions. Institutional participation appears to be fueling the MOVE rather than retail speculation.

Fundamental developments in Chainlink's ecosystem are aligning with technical breakthroughs. Enterprises are increasingly adopting its oracle solutions, creating a feedback loop of demand and price appreciation. Market structure now favors continuation as key resistance levels are breached.