Technical Analysis for $LINK (Chainlink):

$LINK is trading around $17.95 (-2.29%), showing consolidation after a steady upward momentum. Key indicators:

• RSI: Hovering in the 55-65 range, indicating healthy momentum with room for growth.

• Moving Averages: The 7-day MA is above the 25-day MA, signaling bullish short-term sentiment.

• Volume: Increasing, suggesting growing interest and accumulation.

Support Levels: $17.50, $15.00

Resistance Levels: $20.00, $23.00

Bullish Potential News:

1. Chainlink’s increasing integration with DeFi protocols and real-world institutions boosts utility.

2. $LINK’s Proof of Reserves service adoption continues to expand, ensuring transparency in crypto-backed assets.

3. Recent announcements regarding Chainlink’s staking roadmap may drive further investor interest.

5 Potential Highs in the Next Bull Cycle:

1. $25 – Testing key psychological resistance.

2. $35 – Previous cycle peak (likely to retest).

3. $50 – Breaking all-time high with major adoption.

4. $75 – Driven by large-scale adoption in DeFi and TradFi.

5. $100 – If mass adoption accelerates and macro conditions favor crypto.