- Chainlink Targets $20 Amid Bullish Momentum: Chainlink (LINK) gained 6% in the past week and 40% in the last 30 days, pushing past the $13 resistance and now eyeing $20 as the next key level, backed by an 80% surge in trading volume.
- Market Sentiment Mixed Despite Rally: While some analysts expect LINK to climb to $24, others, like CoinCodex, predict a steep correction to $7.88 by May 24, indicating potential volatility ahead despite the broader market recovery.
- Institutional Support Could Be Key: With crypto ETF inflows rising and the total market cap now at $3.25 trillion, LINK’s path to $20 may depend on continued whale accumulation and sustained bullish momentum above the $15 resistance.
Chainlink (LINK) has been riding a wave of bullish sentiment lately, gaining 6% over the past week and nearly 40% in the last 30 days. The broader crypto market faced a rough patch in early April — LINK dropped to $10.89 on April 9, and Bitcoin briefly fell below $75,000. But since then, it’s been a recovery story, with BTC reclaiming $100,000 and dragging alts like LINK along for the ride.
Trading Volume Spikes as LINK Tests $15 Resistance
Investor interest in Chainlink is ramping up again. Trading volume jumped over 80% to $348.86 million on Friday, per CoinMarketCap data. The coin spent most of 2025 struggling to clear the $13 resistance, but that barrier crumbled in April. Now, LINK is holding firm above $15, a level that’s been a stubborn hurdle in the past.
Analysts are eyeing the $20 mark as the next major target. If LINK manages to break through, the $24 range could be the next stop. A move that high would catapult Chainlink into the top 10 crypto assets by market cap, potentially pushing its valuation to $24 billion. That kind of surge would put LINK ahead of Sui and Tron, but it all hinges on sustaining current momentum.
Bearish Warning or Bullish Breakout?
Not everyone is convinced the rally will last. Analysts at CoinCodex predict a steep correction to $7.88 by May 24, a bearish call that suggests a 45% drop from current levels. Meanwhile, LINK is clinging to $15, backed by rising volume and renewed market optimism.
The outlook remains mixed. On the one hand, the broader crypto market is heating up again. Crypto ETF inflows are climbing, and the total market cap is now up to $3.25 trillion. With altcoin season in full swing, LINK could easily ride the wave to $20 or beyond. But if bears regain control, that $7.88 level could come into play.
Road to $20 — What’s Next for LINK?
For now, the focus is on $15. A clean breakout above this level, backed by volume, would signal a continuation toward $20. Beyond that, $24 becomes the next major target. But if LINK slips below $13, the bullish thesis weakens, and a correction could drag the asset down to sub-$10 levels.
Whale investors will be key here. If big players step in and start accumulating, LINK could have the fuel it needs to push higher. But if they stay on the sidelines, a pullback becomes more likely. As always, in crypto, the next move is anyone’s guess — but for now, the bulls are in control.
