$LINK approaching back to $19 after the Genius Act paves the way for US banks to hold crypto — reinforcing LINK's strengths in connecting DeFi and real assets.
---
1. Quick update today
Current price: $18.17 (+6.1%)
Daily range: $16.82 – $19.09
24h Volume: ~$1.54 billion
Market Cap: ~$12.6 billion
Sentiment: Bullish – whales are accumulating, sentiment “greed” ~73
---
2. News & price momentum
🔹 Short‑term Catalysts
LINK rises ~12% after positive message from Genius Act; US banks may custody crypto, boosting Oracle adoption
Witnessing breakout near $18 with positive technical pattern on short/long-term frame
🔸 Long‑term Narratives
Strong integration with DeFi & real assets through CCIP + SWIFT partnership, expanding use-case in banking & tokenized assets
Institutional demand supported by continuous whale accumulation; retail waiting for the next breakout
---
3. Technical analysis & scenarios
Chart: Consolidation in the $15–16 range, breakout above $18 with symmetrical triangle and descending triangle patterns
RSI & MACD: EMA bullish, RSI not overbought yet; MACD supports bullish trend
Support – Resistance:
Support: $16.00–16.50
Resistance: $18.00–18.50 → if broken → target $22–27 (according to measured move from triangle pattern)
Scenario:
🟢 Mark: breakout holds volume → oscillating up to $22–27
🔻 Slight pullback to $16 if the current area cannot be held
---
4. Investment strategy
Trader (Short‑term)
Buy: $17.50–18.00
SL: < $16.50
TP: $20–22
Holder (Mid‑Long‑term)
Accumulate: $16.00–17.00
Invalid if: breaks < $15.50
Target: $22–27 if institutional flow & partnership continue to develop
⚠️ Not investment advice. DYOR & manage capital.
> “LINK is key infrastructure between DeFi and real assets: if Congress & SWIFT continue to support, LINK could break out with institutional lift.”
