Chainlink’s LINK Token Primed for 20% Rally as Bullish Technical Signals Flash Green

Three separate chart patterns—including a textbook cup-and-handle formation—are converging to suggest LINK could be the next altcoin to break out. Traders are piling into derivatives markets, with open interest spiking 47% this week alone.

The move comes as Chainlink’s oracle network secures two new institutional partnerships (because what’s a crypto rally without some vague ’enterprise adoption’ buzz?). If resistance at $18.50 breaks, the path clears for a run toward $22—just in time for the usual summer altcoin pump-and-dump cycle.

Of course, this assumes Bitcoin doesn’t do its usual trick of crashing the moment retail traders start having fun.

The token has also formed an inverse head-and-shoulders pattern, a classic setup that often signals a trend reversal. The head sits around $10, with the two shoulders NEAR the $16 mark.

Adding to the momentum, the Average Directional Index has climbed to 20, indicating that a strong trend is starting to take shape.

Zooming into the 4-hour chart, LINK has been trading inside an ascending broadening pattern. If it manages to break above the upper boundary of that channel, it could trigger another leg higher.

Based on this setup, the next likely price target for LINK is around $20.95, which WOULD be a 21% gain from current levels. If bullish momentum continues, LINK could push toward its year-to-date high of $27.3 in the coming weeks, further extending gains to 58%.

Ecosystem growth supports bullish narrative

Momentum on the technical front is also being matched by a series of fundamental catalysts across Chainlink’s ecosystem. New partnerships and protocol-level integrations are positioning Chainlink to capture greater utility, which could amplify demand for LINK in the weeks ahead.

Chainlink was recently picked as an official service provider for BNB Chain’s Kickstart Program. That means new projects on BNB Chain can now tap into Chainlink’s tools for data, cross-chain support, and computing, along with direct support from Chainlink Labs and co-marketing exposure.

Dolomite, a decentralized margin trading platform, also integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP), allowing secure, seamless transfers across Arbitrum, Ethereum, and Berachain.

Earlier last week, Chainlink also expanded its footprint with 12 new integrations of the Chainlink standard across six key services, including deployments on eight different blockchains: Gravity Alpha, Monad, NEX Protocol, Polygon, Ronin, Rootstock, Superseed, Taiko, and Zora.

Meanwhile, LINK could also benefit from regulatory tailwinds. The U.S. administration is reportedly exploring updates to crypto rules to better accommodate on-chain securities and other digital assets.

If clearer regulations come into play, that could unlock a wave of tokenized real-world assets moving on-chain, something Chainlink is well-positioned to support. More demand for tokenization could mean more projects integrating its services, which would naturally boost LINK’s utility and possibly its price.

Chainlink is also a made-in-USA cryptocurrency, which could strengthen its appeal as the TRUMP administration pushes for homegrown blockchain projects. 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.