Key Insights:
- Chainlink price prediction: Link price retested $13.5 support, the same level that sparked a 35% rally in May.
- Cup and handle breakout at $14.33 shows a bullish setup with a target near $18.
- KPMG says Chainlink is core to TradFi–DeFi link, backing LINK’s real-world use.
Chainlink (LINK) price prediction has returned to its crucial $13.5 support level, a zone that triggered a 35% rally in May. Traders are paying close attention to another rally, since recent chart trends suggest an upcoming move higher.
Meanwhile, a bullish chart formation and institutional endorsement from KPMG are adding strength to the bullish narrative. As LINK price trades around $14.03, a breakout above $14.60 could pave the way to $18 in the coming days.
Chainlink Price Prediction Rebounds From Key Level
According to AltCryptoTalk, Chainlink price prediction rebounded from the $13.5 point, the same level that led to a 35% surge in price previously.
The support zone is still very significant, and the market setup indicates the bulls are trying to make a new breakout. The chart clearly showed that demand was found mostly in the $13.5– $13.7 range.
If LINK price breaks above the $14.60 resistance, which served as a rejection zone in May, the next logical target will be $18. Previously, this level acted as the high for May, creating a psychological and technical barrier.
According to Chainlink price prediction models, a successful breakout would signal the start of a new bullish market phase. Failing to surpass $14.60 might cause the price to test $13.50 once more or lead to more consolidation.
LINK Price Cup and Handle Breakout Pattern
According to trader Trader Rai, in his latest Chainlink price prediction, LINK has completed a textbook cup and handle pattern, typically seen ahead of breakout moves.
The $14.33 neckline, which was once unconfirmed, has since been tested many times. With increasing volume and a clear break of resistance, it usually points to a strong continuation of the uptrend.
A cup and handle pattern occurs when the bottom forms a round shape, the price drops slightly, and the price soon goes beyond the neckline.
For LINK, the price initially rose upward from around $14.00 and consolidated lower than the nearest resistance level. A close above $14.60 would confirm the pattern and show that the price could increase to $14.75–$15.00 soon.
There is a stop-loss marker near $14.15, and the uptrend target returns show a goal as high as $18. This follows the May bounce and the overall bullish views encouraged by various technical patterns around the market.
KPMG Recognition Boosts Chainlink’s Role
As technology pushes the project, having institutions recognize Chainlink adds to the project’s long-term value. In a recent report, KPMG described Chainlink as a “core” infrastructure component connecting decentralized finance (DeFi) with traditional finance (TradFi).
The report specifically cited Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and its potential to facilitate tokenized asset transfers across blockchains and legacy systems.
KPMG stated that these plans are being executed and that the clear goal is to improve the speed and amount of liquidity available for settlements.
Furthermore, the report states that BlackRock and Franklin Templeton are taking greater notice of blockchains that help scale and secure real-world finance, and Chainlink is actively doing work in this area.
This makes Chainlink valued for more than simply gaining economic value. It makes it obvious that LINK is valuable not just for trading, but also for linking together both innovative and older sectors of finance.
Chainlink Price Prediction Points to $18
With the altcoin price now around $14.33, the resistance level is currently at $14.60. A clear break above this level makes the cup and handle pattern and the bounce scenario clear on the chart.
This would open the door for LINK price to rally toward $18, mirroring the 35% gain seen in May.
However, traders remain cautious. If the LINK price fails to close above $14.60, it may retrace and retest $ 13.50 again. Since it has been tested several times, this level keeps both bulls and bears attentive.
For now, the success of this Chainlink price prediction depends on the level of trading volume and the feelings around the cryptocurrency industry.
Because of improvements on the tech side and recognition of its utility by organizations, Chainlink now seems poised to grow in June.