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🚀 $LINK Price Update: TradFi Meets DeFi, Rally to $18+? 🚀

Big news from the RWA Summit Cannes! JPMorgan’s blockchain lead, Nelli Zaltsman, highlighted the rapid convergence of TradFi and DeFi. A recent crosschain DvP test with JPMorgan, Chainlink ($LINK ), and Ondo Finance signals traditional institutions moving onchain. Could this propel LINK past $18? 📈

📊 LINK/USDT Technical Analysis:

• Daily Chart: $LINK is testing the $18 resistance after consolidating between $10.94 and $18. A break above $18 could complete a double-bottom pattern, targeting $25.06! Support at the 20-day EMA ($14.85) shows bullish sentiment. A drop below could extend the range-bound action.

• 4-Hour Chart: Bulls are buying dips at the 20-EMA, signaling strength. A rebound from this level could push LINK past $18. However, a break below the 50-SMA risks a drop to $14.70 or $14.

🔍 With TradFi giants like JPMorgan embracing DeFi, is LINK ready for a breakout?