Chainlink (LINK) is exhibiting strong bullish momentum supported by significant exchange outflows and growing adoption in the decentralized finance (DeFi) sector. LINK has formed a well-defined ascending channel pattern, breaking above its 200-day moving average, with steady gains despite some short-term resistance around $16.24 to $15.90. Over the past two weeks, LINK has seen consistent weekly negative exchange netflows, totaling over $66 million recently, which typically indicates investors are moving tokens into self-custody wallets and accumulating rather than selling.
The technology underpinning Chainlink continues to expand its footprint, recently facilitating integrations with major financial players such as JPMorgan and Ondo Finance. Additionally, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) went live on the Solana (SOL) mainnet, unlocking over $18 billion in assets and supporting platforms like Solv Protocol, which now manages $2.5 billion in assets with substantial use of CCIP. This cross-chain and real-world asset (RWA) tokenization growth represents a promising avenue for Chainlink’s continued adoption.
Technical analysis suggests a bullish price trajectory, with recent support established around $15.60 and resistance near the psychological $20 level, which reflects a potential 27% upside from current prices. Analysts project that Chainlink could reach $20 shortly, with some optimistic longer-term forecasts estimating $50 by 2028 and $100 by 2030, fueled by expanding ecosystem adoption and institutional partnerships, including a collaboration with Swift to integrate blockchain into traditional finance systems.