Chainlink (LINK) price has shown notable strength in recent sessions, pushing closer to key resistance levels that could define its next major move. Market sentiment is building around whether the token can sustain its upward momentum and potentially test the $30 mark. With growing participation from traders and increasing volatility across the broader crypto market, LINK’s price trajectory is becoming a focal point of discussion.
Will the current momentum be strong enough to break past psychological barriers? Or could selling pressure at higher levels trigger a near-term pullback before any sustained breakout?
Momentum Builds as LINK Eyes Higher Levels
Chainlink (LINK) has shown remarkable resilience in recent sessions, steadily climbing toward the critical $30 level. The past week has seen significant on-chain accumulation, with large investors actively buying, reducing circulating supply and fueling bullish sentiment. Strategic developments, such as the ICE partnership integrating real-time forex and precious metals data into Chainlink’s oracle network, have strengthened its use cases, attracting both retail and institutional attention.
Additionally, the network’s total value secured (TVS) in DeFi reached new all-time highs, highlighting growing reliance on Chainlink’s infrastructure. This combination of technical momentum and fundamental support is creating a favourable environment for a potential breakout. However, with $30 being a key psychological and technical resistance, traders must watch for possible profit-taking that could trigger short-term consolidation. The coming sessions will be decisive in confirming whether LINK can sustain its upward trajectory or face temporary retracement.
Can LINK Price Trigger a 20% Rise This Week?
LINK price appears to have undergone a parabolic