Chainlink Breaks Key Resistance: Is a $23 LINK Price Surge Imminent?
Chainlink's price action just flipped bullish—again. The oracle network's token smashed through a critical resistance level, setting traders' sights on $23. Here's why this isn't just another false dawn.
Technical breakout or trap? LINK's latest push past resistance mirrors patterns that preceded previous rallies. But with the crypto market's attention span shorter than a Wall Street CEO's memory, can momentum hold?
Oracle dominance meets market momentum. Chainlink's real-world data feeds remain the gold standard, but price pumps need more than utility—they need hype. This time, the charts might just deliver both.
The cynical take: If LINK hits $23, expect every 'crypto expert' who mocked it at $15 to suddenly 'see the fundamentals.' Welcome to crypto—where amnesia is the most valuable trading strategy.
Chainlink (LINK)’s Price Path
Chainlink (LINK)’s current price chart also signals promise. LINK has recently broken out and retested a bullish double-bottom pattern. The coin is now poised for a significant price uptick, and could continue this momentum all the way to $23, a 20% climb from current prices. However, LINK’s RSI currently sits in the 80s, indicating a potential dip soon from being overbought. Avoiding this dip could fuel the asset’s surge in the coming week to a new 2025-high.
Analysts at CoinCodex project the Chainlink (LINK) cryptocurrency to reach $22 within the next month. The platform’s analysts write: “According to our current chainlink price prediction, the price of Chainlink is projected to rise by 5.45% and reach $ 18.92 by August 16, 2025. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 73 (Greed).” LINK could continue its rally by an additional 10% and hit $22 by the end of August, opening the door for a bullish final quarter of the year.
