Will LINK Surpass $20 and Sprint Towards $36.5?

Chainlink’s token, LINK, has seen minimal movement this month. Currently placed 13th in terms of market capitalization, the token has only increased by 3.8% since the beginning of May. Its price frequently fluctuates below $12, and some analyses indicate it reached nearly $16 at peak moments. This volatile situation raises concerns over LINK’s ability to maintain its ranking.

Further Insights

Cross-Chain Initiatives Arrive at Solana

Recent updates reveal that Chainlink launched its Cross-Chain Interoperability Protocol on Solana on May 19, 2025. This function allows developers to access assets exceeding $18 billion across various blockchains.

The enhancement is designed to connect Solana’s DeFi ecosystem with Ethereum, Polygon, Avalanche, and beyond. This demonstrates Chainlink’s proactive approach, rather than waiting for price increases.

⬡ Chainlink Integration Update ⬡

There have been 16 new adaptations of the Chainlink standard across 6 service types and 16 distinct blockchains: Arbitrum, Avalanche, Base, Bitlayer, BNB Chain, Celo, Ethereum, opBNB, Optimism, Polygon, Ronin, Rootstock, Scroll, Solana, Sonic, and ZKsync.

New… pic.twitter.com/j3cnAnc3UC

— Chainlink (@chainlink) May 25, 2025

New Connections Foster Growth

Reports indicate that Chainlink has secured 16 new implementations of its standards, covering six service types and including various platforms such as Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Polygon, Solana, and ZKsync.

Despite an uptick in developer engagement, this has yet to translate into significant shifts in the LINK market’s performance. Although its $10.4 billion market capitalization appears stable, the token’s stagnant trajectory exerts pressure on its market position.

Key Resistance Areas Influence Prospects

Market participants are watching crucial resistance on the LINK/USDT chart. The initial hurdle is a level around $20, where sellers have previously engaged. Surpassing this could propel LINK towards the $25–$26 range. Beyond that, a mid-term objective of $28–$30 would revisit late-2024 highs.

Volume spikes observed in April resulted in a 14% surge, indicating the potential for similar action. Nevertheless, bearish sentiment remains. The MACD line is currently below its trigger line, although the gap remains tight. The flat histogram bars suggest that selling pressure may be easing, with a crossover potentially leading to renewed buying interest.

$LINK’s downtrend channel is close to breaking out.

This upward movement is forecasted to progress smoothly toward the $36.5 mark, where a significant selling barrier exists. pic.twitter.com/CaN2agtchk

— CW (@CW8900) May 26, 2025

Signs of Potential Breakout

Currently, LINK is indicating signs of a breakout from its downward trend, generating positive sentiment among traders. Analysts suggest that a decisive breakout could drive LINK toward the $36.5 level, where significant selling resistance exists.

This development follows heightened activity among developers and the deployment of Chainlink’s CCIP on Solana. Should buyers sustain their momentum, LINK may rise steadily; however, the $36.5 resistance could challenge the durability of this potential breakout.

Conservative Forecasts Keep Expectations Balanced

Technical metrics present a mixed picture. LINK’s forecast for the upcoming month indicates a modest 0.61% rise by June 26, 2025, bringing it to an approximate value of $15.64. This outlook carries a “Neutral” assessment regarding market sentiment.

Source: CFGI

The Fear & Greed Index registers at 60, indicating a tendency towards Greed. Over the last month, LINK has experienced 12 positive days out of 30 and demonstrated a volatility of 6.40%. All these factors suggest modest movements rather than extreme fluctuations.

Future Prospects for LINK

Chainlink’s primary objective remains consistent: to enable a decentralized oracle framework that supplies real-world information to blockchain networks. This capability is vital for applications requiring price feeds, randomization, or cross-chain communications.

Further Insights

Should a prominent DeFi project implement CCIP or a significant hack bounty be executed, LINK could attract renewed interest. Until such developments unfold, the token may continue its sideways drift. Observations around the $11 and $20 marks will be crucial.

Featured image from Unsplash, chart from TradingView