Chainlink’s $66B Bombshell: Analysts Warn $LINK Could Explode 133% to $36.5

CCIP DeFi

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Author

Jimmy Aki

Author

Jimmy Aki

About Author

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, and Blockonomi, covering news...

Author Profile

Share

Copied

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

May 26, 2025

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Chainlink ($LINK) is struggling to stay relevant, barely holding its spot as the 13th-largest cryptocurrency after gaining just 4% this month. Meanwhile, competitors like Sui and Hyperliquid have exploded in recent weeks.

Once a top oracle network, Chainlink now trades below $11, raising concerns about its future. Will it recover or fade into obscurity?

Even with a $10.3 billion market cap and growing developer activity, $LINK’s sluggish price performance threatens its position in the crypto market.

Chainlink Expands to Solana and DeFi Chains Despite Slow Price Growth

Despite the price stagnation, the development team behind Chainlink appears unfazed. Their focus remains firmly on enhancing the project’s core offering: its decentralized oracle network.

A key component of this is the Cross-Chain Interoperability Protocol (CCIP), which facilitates secure data sharing across different blockchain networks.

On May 19, Chainlink’s CCIP officially launched on the Solana mainnet, a major milestone that is expected to bolster Solana’s DeFi ecosystem by allowing access to over $18 billion in assets across chains.

Chainlink recently shared an adoption update that detailed 16 new integrations of its standards across six services and 16 blockchains, including Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Polygon, Solana, and ZKsync.

In another development, Web3 gaming giant MapleStory Universe integrated Chainlink VRF (Verifiable Random Function) into its AVAX-based Layer-1 infrastructure.

Chainlink Secures $66B as Bulls Eye ‘Swift and Violent’ $LINK Repricing

According to a recent report by Santiment, Chainlink recorded over 530 GitHub updates in the past month alone.

This sustained activity has further cemented Chainlink’s dominance in the oracle sector of DeFi, where it currently secures more than 68% of the total oracle TVL, with $66 billion in Total Value Secured (TVS).

These milestones have inspired renewed optimism among loyal Chainlink supporters.

One prominent $LINK enthusiast even claimed that investors might soon be “tired of winning,” predicting that “the repricing of $LINK will be swift and violent.”

A crypto investor and chart analyst also expressed confidence that $LINK’s current downtrend channel is nearing a breakout, supporting this sentiment.

He added that the recent price recovery will likely push $LINK smoothly to the $36.5 level, with a sell wall.

Chart Outlook: $LINK Faces Resistance at $20, Eyes $36.5 Breakout

At press time, the $LINK/$USDT chart suggests the market is attempting a gradual recovery. The token is currently trading at around $15.67.

In April, a period of price consolidation, marked as a “cluster” on the chart, triggered a 15% breakout, supported by increased trading volume that indicated a resurgence of buying interest.

Technically, the first resistance lies at $20, a psychologically important level previously acting as a zone where sellers regained control. A break above this could push $LINK’s price toward the next resistance range between $25.62 and $26.56.

Beyond that, the mid-term price target is between $28.67 and $30.07, coinciding with highs observed in late 2024.

The MACD (Moving Average Convergence Divergence) indicator shows the MACD line currently trending below the trigger line, typically a bearish indicator.

However, the histogram is relatively neutral, implying that selling momentum may weaken. If the trend reverses, a bullish crossover could soon follow.