Chainlink (LINK) is the token of a decentralized oracle network that facilitates the transmission of external data (prices, weather, events) to smart contracts on blockchains like Ethereum, Solana, and Polygon. LINK is used to pay for oracle services, staking, and protocol governance. Chainlink is considered a key infrastructure for DeFi, NFT, and Web3.
- Price (June 16, 2025): ~$15.20–$15.50 (according to CoinMarketCap and TradingView).
- Market capitalization: ~$9.5–$10 billion (15th place).
- Trading volume (24h): ~$400–$500 million, stable.
- News:
- Launch of CCIP (Cross-Chain Interoperability Protocol) for cross-chain transactions, integrated with Arbitrum, Optimism, and Base.
- Partnership with Vodafone for supply chain tokenization through DAB 2.0.
- Integration with Aave, MakerDAO, and other DeFi protocols providing accurate price data.
- TVL growth in DeFi to $40 billion, where Chainlink plays a key role.
Technical Analysis
- Current Situation: The price of LINK has risen by 20% since the beginning of 2025 but remains 71% below ATH ($52.70, May 2021). An ascending triangle is forming on the daily chart, with support at $14.70 and resistance at $16.50.
- Key Levels:
- Support: $14.70–$15.00 (50-day SMA).
- Resistance: $16.50, then $18.00.
- Indicators:
- RSI (daily): ~55, neutral zone with bullish momentum.
- MACD: Bullish crossover supporting growth.
- SMA: Price above 50-day SMA ($14.70) and 200-day ($13.50), confirming bullish trend.
- Volumes: Stable at ~$450 million, with increased activity following news about CCIP.
- Chart: The price is testing $15.20 in an ascending triangle. A breakout at $16.50 could raise the price to $18.00. Check on TradingView (LINK/USDT) or CoinMarketCap.
Fundamental Factors
- Positive:
- Leadership in oracle services with integration into 100+ blockchains.
- Partnerships with major projects (Vodafone, Aave, Arbitrum) and increased use in DeFi.
- Active community on X (@chainlink) with 70% bullish sentiment.
- Risks:
- Competition with Band Protocol and API3.
- Token unlock (2% of supply in 2025) may create selling pressure.
- Dependence on the health of the Ethereum ecosystem.
Recommendations
- For traders: Buy when holding above $15.00 (target $16.50–$18.00, stop-loss $14.50). Sell on break below $14.70 (target $13.50).
- For investors: LINK is promising due to its role in DeFi and Web3, but consider the risks of competition. Await news on new integrations.
- Monitoring: Follow X (@chainlink) and charts on TradingView.