Chainlink’s price has been steadily pushing up to defy the altcoin downturn over the past week, but now LINK appears poised for a major breakout in the short term—let’s check it out.
BlackRock is literally Telling you $ONDO and $LINK are the future.
Stop sleeping on Tokenized RWAs. pic.twitter.com/9OFkyXZNhy
— Joshua Jake (@itzjoshuajake) January 22, 2025
This comes as institutional entities such as Blackrock are increasingly targeting Chainlink as the cornerstone of the future blockchain economy, with both LINK and ONDO being tapped as key buys.
LINK Price Analysis: Is Chainlink Price Poised For Mega Breakout Move?
After 9-days of bullish consolidation above moving average support, Chainlink is currently trading at a market price of $25.49 (representing a 24-hour change of +0.71%).
The sustained consolidation move over the past week has seen a remarkable +3.34% grinding gain (impressive against the past week’s altcoin market drop) as LINK price pushes into breakout form.
(LINKUSDT)
With market confidence boosted, not only by the technical strength displayed above the 20DMA, but also by improved fundamentals stemming from an expected US Coin Reserve – Chainlink could be one of the biggest gainers in the weeks ahead.
This is especially true as the LINK price now targets a stubborn layer of overhead resistance at the $30 price level, which, if broken, would open the door to a major breakout to higher support above $35 (representing a 17% to 40% gain on the short-time frame).
Meanwhile, a glance at the RSI, which is still slightly heated at 60, reveals capacity remains for this theorized upside move – plenty of room available before momentum overheats.
Yet, while LINK holders hold on awaiting impending bullish moves, smart money investors seek bigger returns from early-bird presale opportunities.
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