Chainlink Eyes $30 Breakout—Here’s the Make-or-Break Scenario for LINK
Oracle giant Chainlink is flirting with a potential moonshot to $30, but the path isn’t without roadblocks. Traders are watching three key triggers: a clean breakout above the $22 resistance, sustained DeFi adoption (because, let’s face it, the ’institutional adoption’ narrative hasn’t paid rent since 2021), and Bitcoin holding above $70K to keep the altcoin casino open.
LINK’s recent 20% monthly surge smells like accumulation—whales aren’t stacking tokens for charity. Technicals show a bullish ascending triangle, but remember: in crypto, triangles either launch rockets or trap greedy degens. The oracle wars are heating up, and Chainlink’s node network needs to prove it’s more than just a legacy API with a token slapped on.
If LINK clears $25 with volume, the $30 FOMO zone becomes inevitable. If not? Well, there’s always another ’next big thing’ in the tokenized prediction market pipeline—just ask the VCs who missed the last three hype cycles.
Source: Chain.link
Chainlink May Be Headed to $30, But This May Be Needed First
Investment bank JPMorgan has recently completed its very first public tokenized transaction. That process couldn’t have been completed without Chainlink’s participation, validating the settlement with the help of ONDO Finance. These kinds of developments have been majorly important to the asset class’s maturation and have often featured the network at the center.
This is a big reason why many within the industry have high hopes for the price of its native token. Despite its recent stagnation, there is hope that chainlink may well have found a path forward toward the $30 mark. However, there is something that LINK may need to do first.
According to a recent chart from X (formerly Twitter) user World of Charts, the asset is on the verge of a bullish rally. However, the biggest obstacle standing in its way is the $17 support level. The asset has yet to be able to fully break through that mark. It did so early Tuesday, jumping 7%, only to fall back below the $16 mark over the course of the day.
Despite trading at the $15.50 mark, LINK is up more than 17% over the last 30 days, according to CoinMarketCap. If it can situate itself above the psychological $17 mark, it could FORM a breakout of a bullish wedge pattern. From there, a surge toward the $30 level could be next in line.
