TLDR
- Chainlink (LINK) price reached $15.99, gaining 22.14% over the past month
- $66 million worth of LINK tokens withdrawn from exchanges in two weeks, indicating investor accumulation
- Cross-Chain Interoperability Protocol launched on Solana mainnet on May 19, 2025
- Technical analysis shows LINK breaking out of downtrend channel with potential target of $36.5
- 16 new integrations across multiple blockchain networks including Ethereum, Polygon, and Avalanche
Chainlink price has climbed to $15.99, marking a 22.14% gain over the past month since April 27, 2025. The oracle token sits in 13th place by market capitalization with a value of approximately $10.4 billion.
Recent data shows strong investor confidence in LINK. Over the past two weeks, approximately $66 million worth of tokens have been withdrawn from exchanges. This week alone saw $11.27 million in outflows following $55.2 million last week.
Such withdrawals typically indicate investors are moving tokens to personal wallets for long-term holding rather than selling. The pattern suggests accumulation behavior among LINK holders.
Technical indicators support the bullish sentiment. LINK has reclaimed its 200-day moving average and formed a rising channel pattern with higher lows. Volume spikes have accompanied recent price movements, with 3.08 million LINK traded in a single hour on May 21, 2025.
The token has shown resilience, surging from $15.67 to $15.91 recently before consolidating around $15.85. This represents a 1.5% gain during that period.
Cross-Chain Expansion Drives Adoption
Chainlink rolled out its Cross-Chain Interoperability Protocol on Solana mainnet on May 19, 2025. The upgrade aims to connect developers with over $18 billion in assets across different blockchain networks.
The protocol helps Solana’s DeFi ecosystem link with Ethereum, Polygon, Avalanche, and other chains. This expansion represents a key development for Chainlink’s utility in the decentralized finance space.
Recent partnerships with major financial entities have strengthened Chainlink’s position. These include collaborations with Kinexys by JPMorgan and Ondo Finance. The integrations expand the network’s use cases in real-world asset development.
Chainlink CRE—a secure offchain computing environment for coordinating activity across blockchains & existing systems—enabled Kinexys Digital Payments to be seamlessly connected at the application layer with Ondo Chain for the atomic DvP transaction.
Kinexys ↔️ Chainlink ↔️ Ondo pic.twitter.com/ITgoOVdeFx
— Chainlink (@chainlink) May 14, 2025
Chainlink reported 16 fresh integrations of its standards across six service types. These span multiple blockchain networks including Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Polygon, Solana, and ZKsync.
The integrations cover various services and demonstrate growing developer activity. However, this increased adoption has yet to translate into major price movements for the token.
Technical Analysis Points to Breakout
Traders are watching key resistance levels on the LINK/USDT chart. The first major hurdle sits at $20, where sellers have previously stepped in. A push past this level could send LINK toward $25-$26.
Beyond that lies a mid-term target of $28-$30, matching late-2024 highs. Some analysts project even higher targets, with one forecast suggesting a move to $36.5 where a major selling wall exists.
LINK appears to be breaking out of its downtrend channel, which has sparked bullish momentum among traders. The breakout could push the token smoothly toward higher levels if buyers maintain momentum.
Chainlink CRE—a secure offchain computing environment for coordinating activity across blockchains & existing systems—enabled Kinexys Digital Payments to be seamlessly connected at the application layer with Ondo Chain for the atomic DvP transaction.
Kinexys ↔️ Chainlink ↔️ Ondo pic.twitter.com/ITgoOVdeFx
— Chainlink (@chainlink) May 14, 2025
The MACD indicator sits below its trigger line, though the gap remains narrow. Histogram bars show flat activity, suggesting selling pressure may be fading. A crossover could trigger fresh buying interest.
Current forecasts remain modest despite the technical setup. LINK’s one-month projection shows a 0.61% gain by June 26, 2025, landing around $15.64. Market sentiment reads as “Neutral” according to technical indicators.
The Fear & Greed Index registers 60, indicating “Greed” among market participants. Over the past 30 days, LINK recorded 12 green days out of 30 with 6.40% volatility.
Chainlink’s total supply stands at 1 billion LINK tokens. The network serves as a decentralized oracle system that connects smart contracts to real-world data, APIs, and payment systems. Major DeFi platforms including Aave, Synthetix, and Compound rely on Chainlink’s data feeds.
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