Chainlink’s price action shows remarkable resilience in the midst of mixed global economic conditions.

The token has established a well -defined rising channel pattern with technical indicators that support continued bullish momentum.

After breaking over the 200-day moving average, Link has maintained its upward course despite short-term resistance.

Exchange outflows remain consistently negative, with $ 11.27 million worth of links leaving exchanges this week after $ 55.2 million in outflow last week. This pattern of falling exchange balances typically signalizes investor collection rather than selling pressure.

Meanwhile, Chainlink’s technology continues to win traction in the defi sector with recent integrations, including JPMorgan, Ondo Finance and Solana Mainnet.

Analysts Project Link could reach $ 20 in the short term, with long-term forecasts suggesting potential growth to $ 50 in 2028 and $ 100 in 2030, as the adoption of its transverse chain interoperability protocol (CCIP) is expanded over the blockchain ecosystem.

Technical analysis highlights

• Link established strong support for $ 15.60 with the purchase of high volume that occurred with $ 15.27- $ 15.30 zone during the 18-19 hour timeframe on May 20.
• A significant volume (3.08 m) over 11:00 hours on May 21 coincided with the Link Testing $ 16.24 resistance level.
• The overall trend remains bullish with higher low downs, forming a clear upward channel.
• Link demonstrated a significant bullish momentum in the last hour and waves from $ 15.67 to a highlight of $ 15.91, representing a 1.5% gain.
• A remarkable volume tip occurred at. 13:30 and catalyzed a sharp movement upwards that established a new support level around $ 15.75.
• Price action formed an increasing channel with higher lowness, although some profit recovery was nearing the $ 15.90 resistance level.
• Final minutes showed consolidation around $ 15.85, with volume patterns suggesting accumulation rather than distribution.

External references

• “Chainlink Price Prediction: Can Increased Network Recording Rejuvenation Bullish Momentum for Link?”, Coinpedia, published May 20, 2025.
• “Chainlink Price Prediction 2025-2031: A strong purchase mood for link?”, Cryptopolitan, published May 20, 2025.
• “Chainlink in Rally Mode: Rising Channel Formation -Signals Continued Increase”, NewsBTC, published May 21, 2025.
• “Chainlink Price Target $ 20 as Exchange Outflows Surge”, Crypto.News, published 21 May 2025.