Chainlink LINK Eyes $20 Breakout as Regulatory Support Fuels Institutional Demand
Chainlink's price rally demonstrates strengthening institutional confidence, driven by regulatory tailwinds and technical momentum. The WHITE House's latest digital asset report highlighted Chainlink's Cross-Chain Interoperability Protocol, while SEC ETF developments added bullish pressure.
LINK currently trades at $18 with 1.91% daily gains, consolidating above key support at $17.64. Technical indicators point to potential upside, with resistance NEAR $19.03 potentially breaking toward a $20.22 target if buying pressure continues. Trading volume surpassing $610 million confirms robust market participation.