 nears $16.50, aiming for a breakout above $30 as trading volume and large transactions increase.){kind=link}
Key Insights :
- Chainlink trades at $16.50 in May, up 15% month-to-date. In the next rally, it targets a breakout above $30.
- Large LINK transactions hit 265 on May 15, signaling rising institutional activity and possible accumulation.
- LINK forms higher monthly lows since late 2023, showing technical strength as it approaches key $25–$30 resistance.
Chainlink price shows renewed strength in the market as it attempts to push beyond key resistance levels. The price has risen steadily since early 2025, with current trading levels above $16.50.
As investors watch closely, attention has shifted to the $30 mark, a critical area for a potential breakout. The current chart structure and market behavior indicate that LINK may be preparing for a larger upward move soon.
Chainlink Price Attempts to Reclaim Momentum Above Key Technical Levels
Chainlink price has shown resilience over the past few months following a deep correction from its all-time high of $52.99. The monthly chart shows higher lows forming since late 2023, suggesting an accumulation phase is underway.
LINK’s current trading price of around $16.50 marks a 15% gain for May, supporting growing bullish sentiment. The $20–$25 zone remains a crucial resistance area.
LINK previously tested this range in early 2025 but failed to sustain the breakout. A move above $25 could open the path to $30, which has acted as a psychological barrier in past cycles. The growing volume and larger green candlesticks indicate increasing market interest.
Traders and analysts are closely observing whether LINK can maintain this positive momentum. Many are looking for confirmation through a monthly close above $20. If achieved, it could lead to a further rally toward the $30–$35 range in the near term.
Market Sentiment Improves as Large Transactions Rise
The data from the blockchain activity indicates an increase in large transactions, usually associated with institutions and wealthy people. In the last 24 hours, more than 220 large transfers were made, with a record 265 seen on May 15.
As a result, leading market participants feel more confident. The sharp rise in transactions and prices shows that investors are accumulating coins.
Many deals occurred in March and April, and market action returned in May. A sustained interest in LINK at its current price may be revealed if this trend develops further.
Acting that way before key resistance levels makes it seem traders anticipate a move. Large sales often indicate significant market movement. They suggest growing confidence and potential upward trends when paired with bullish patterns.
Technical Indicators Align Ahead of Possible Breakout on the Chainlink Price
The indicators indicate that the Chainlink price could go past $30. On the monthly chart, the RSI is currently neutral but going up, which means buys are starting to outpace sells.
LINK’s 50-day moving average has been increasing. It is trending towards surpassing the 200-day moving average. The current May candle has a large body.
This suggests intense buying pressure pushing prices upward. If the candle closes near its current price, it will be the strongest close of the year for gold. A strong close could attract more buyers.
LINK has repeatedly bounced back from the $12–$14 support area. The current range offers good support for the market, and an increase in trading activity in June could drive prices up further.
External Factors May Influence the Chainlink Price Trajectory
Recently, the broader crypto market has recovered a little, which has also helped Chainlink. LINK will likely benefit as Bitcoin holds more than $60,000 in value and people become more interested in DeFi. Because of this good environment, altcoins can overcome resistance areas.
More and more companies in the DeFi and Web3 space are using Chainlink’s oracle system. With more projects using reliable off-chain data, LINK helps support their development. Additional developments or co-operations could raise the demand for the token.
Researchers will keep tracking updates in the economy, laws, and interest rates set by central banks. Such insights can shape crypto investors’ moods and LINK’s chances of progress. If things continue during its next rally, Chainlink can likely cross the $30 mark.