The post Is Chainlink (LINK) Price on Track to Hit $30 This Week? appeared first on Coinpedia Fintech News
Chainlink (LINK) price has shown notable strength in recent sessions, pushing closer to key resistance levels that could define its next major move. Market sentiment is building around whether the token can sustain its upward momentum and potentially test the $30 mark. With growing participation from traders and increasing volatility across the broader crypto market, LINK’s price trajectory is becoming a focal point of discussion.
Will the current momentum be strong enough to break past psychological barriers? Or could selling pressure at higher levels trigger a near-term pullback before any sustained breakout?
Momentum Builds as LINK Eyes Higher Levels
Chainlink (LINK) has shown remarkable resilience in recent sessions, steadily climbing toward the critical $30 level. The past week has seen significant on-chain accumulation, with large investors actively buying, reducing circulating supply and fueling bullish sentiment. Strategic developments, such as the ICE partnership integrating real-time forex and precious metals data into Chainlink’s oracle network, have strengthened its use cases, attracting both retail and institutional attention.
Additionally, the network’s total value secured (TVS) in DeFi reached new all-time highs, highlighting growing reliance on Chainlink’s infrastructure. This combination of technical momentum and fundamental support is creating a favourable environment for a potential breakout. However, with $30 being a key psychological and technical resistance, traders must watch for possible profit-taking that could trigger short-term consolidation. The coming sessions will be decisive in confirming whether LINK can sustain its upward trajectory or face temporary retracement.
Can LINK Price Trigger a 20% Rise This Week?
LINK price appears to have undergone a parabolic recovery ever since it faced a rejection in the first few days of the year. The latest rise in the price pushed the levels close to the pivotal resistance zone between $26.37 and $26.97 for the first time since January 2025. As a result, the bears have begun to offer a strong upward pressure, preventing it from entering the range. However, a rise beyond the range may help the DeFi token to rise above the $30 threshold.
The LINK price gained huge momentum and surged to the resistance zone. The RSI, which has been facing huge resistance before, is yet again falling weakly. On the other hand, the OBV is displaying a bearish divergence; however, CMF remains elevated, indicating a potential OBV higher low. Therefore, until the LINK price sustains above $24, the possibility of a rebound remains high. Hence, the popular DeFi token still has a huge probability of reaching $30 as the token still sustains the consolidated phase between $24 and $26.
The volume is incremental, hinting towards a rise in volatility in the next couple of days. The rise in volatility could positively impact the Chainlink price and break the crucial resistance zone. Once the price settles above $27, the token is expected to consolidate for a while, followed by a rise to the local threshold at $30. The LINK price faced strong opposition after reaching these levels, and hence, the bulls are expected to strongly defend these levels and push them higher.
