Chainlink LINK Soars Past $20 Resistance, Mirroring Ethereum’s Historic Breakout

Chainlink's native token LINK has surged past the $20 resistance level, marking a pivotal moment for the blockchain oracle network. Analysts compare this breakout to Ethereum's historic $4,000 resistance breakthrough, signaling potential for sustained upward momentum.

Prominent crypto strategist Miles Deutscher has added LINK to his core portfolio, citing the token's technical strength and expanding adoption across DeFi ecosystems. The weekly close above $20 represents a psychological threshold that historically precedes extended bullish phases.

Market observers note Chainlink's critical infrastructure role in bridging smart contracts with real-world data. This fundamental utility, combined with technical indicators, suggests LINK may emerge as a standout large-cap performer in the current market cycle.