Chainlink Price on the Rise: Will It Reach $20?

Chainlink (LINK) is showing renewed bullish momentum, with optimism growing around its potential for an upward breakout. Recent developments, including key partnerships, are fueling hopes that LINK could soon hit the $20 mark.

Key Highlights

  • Integration with Swift: Chainlink’s partnership with Swift could enhance its influence in the blockchain ecosystem.
  • Rising Trading Volume: Increased market interest is reflected in rising trading volumes for LINK.
  • Overcoming Resistance: To rally effectively, Chainlink must overcome critical resistance levels at $10 and $15.

A Promising Outlook for Chainlink

Despite recent market downturns, Chainlink's price is forming an ascending triangle pattern, suggesting potential upward movement. As November approaches, sentiment around LINK is shifting positively, although its price direction has been uncertain over the past week and month.

As of writing this article Chainlink was trading at $ 11.50 as per Coinpedia market data



For a deeper dive into Chainlink Price Prediction and market trends, check out our detailed analysis. 

What’s Driving Chainlink’s Growth?

The crypto market is experiencing a slight rebound, with Bitcoin stabilizing above $68,000, boosting minor gains across various tokens, including LINK. Recent advancements for Chainlink further enhance this optimistic outlook.



Major Developments

  1. Partnership with Swift: At the Sibos 2024 conference, Chainlink announced plans to integrate with Swift’s messaging network, enhancing LINK’s utility.

  2. Launch of Data Streams: Chainlink launched Data Streams on BNB Chain’s Layer-2, strengthening decentralized finance (DeFi) applications.

  3. Integration with Ronin Network: The use of Cross-Chain Interoperability Protocol (CCIP) on the Ronin Network is improving cross-chain functionality and security.

Hurdles to Overcome

For LINK to reach the $20 target, it needs to clear significant resistance levels at $10 and $15. Achieving this would represent an 80% increase from its current value of $11.14, which has seen a slight 2% rise in the past 24 hours. The last time LINK surpassed $20 was in March 2024, peaking at $21.75.

Growing Market Sentiment



Experts highlight LINK’s rising influence in the blockchain space. Chainlink is now recognized as the leading ERC20 project by development activity, underscoring its strong technical foundation and community engagement.

Positive Trading Metrics


According to Coinglass data, Chainlink's metrics show growth in trading volume and open interest, indicating a bullish sentiment among traders and heightened engagement.

Chainlink’s recent developments and increasing market engagement suggest a possible breakout toward $20. However, overcoming the critical resistance levels at $10 and $15 is essential for upward momentum. With strong investor confidence and positive market trends, LINK appears well-positioned for future gains.

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