LINK trades under $25 but bullish setups hint at more upside | Credit: Hameem Sarwar
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Key Takeaways
A falling wedge breakout and CMF inflows suggest LINK could retest resistance at $25.20.
At 88.9%, LINK remains far from historical overheating levels, leaving room for further growth.
LINK could target $33.34, or $52.99 this cycle; failure of OGM demand could drag it back to $10
Chainlink (LINK) has surged 38% in the past 30 days, and the momentum may not be done yet.
The key catalyst? The launch of Ondo Global Markets reinforces the growing narrative that Chainlink’s oracle network is essential for tokenized finance.
Although LINK’s price stayed muted after the Sept. 3 launch, trading under $25, the long-term outlook tells a different story.
In this analysis, CCN explains why this development could strengthen Chainlink’s market role and potentially lift its price further.
Chainlink to Gain from ONDO
As CCN reported earlier, Ondo Global Markets (OGM) has launched on Ethereum to give investors access to tokenized U.S. stocks and ETFs and plans to expand across multiple blockchains.
Interestingly, a large alliance of DeFi and custodial players supports this innovation in partnership with JPMorgan and Chainlink, handling cross-chain delivery-versus-payment transactions.
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For Chainlink, OGM’s success is significant because its infrastructure is central to making tokenized assets function reliably and securely. If OGM scales as intended, demand for Chainlink’s services and, by extension, LINK’s utility, could rise substantially.
From a technical perspective, Chainlink’s price is carving out a falling wedge on the 4-hour chart.
This bullish pattern shows sellers losing steam while buyers quietly step in. At the same time, the Chaikin Money Flow (CMF) has pushed above the zero line, signaling fresh inflows.
If this trend holds, LINK’s price could look to break the $25.20 resistance, as long as support at $22.50 remains intact.
On-chain data supports this outlook. Santiment shows that Chainlink’s Market Value to Realized Value (MVRV) ratio currently stands at 88.90%.
Historically, LINK has topped out when the MVRV ratio surged between 304% and 1,120%.
Compared to that range, the current level suggests that Chainlink’s price is far from overheated and still has plenty of room for upside before approaching a market peak.
Looking at potential cycle targets, the weekly chart shows LINK has broken out of a descending channel. The MACD has formed a bullish crossover supporting this move, signaling renewed upside momentum.
With this setup, LINK could break resistance at $27.26. A successful move above that level would open the door to the 0.618 golden ratio at $33.34.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
