Chainlink (LINK) is one of several crypto altcoins that have been up in the past month, with investors getting more bullish about the coin’s potential. Chainlink is up 6% in the past week and nearly 40% in the last 30 days. The cryptocurrency market faced quite a dip in early April. Chainlink’s (LINK) price fell to a low of $10.89 on April 9, and Bitcoin briefly fell to below $75,000. Fortunately, since then, the market has made quite a recovery, led by BTC reclaiming $100,000.
Per CoinMarketCap data, investors’ interest in Chainlink is back, pushing trading volume up by over 80% to $348.86 million on Friday. After sitting under a $13 resistance level for most of 2025, the coin breezed past it in April and has been in the green since. The rise in investor interest reveals a common sentiment around the crypto market: a breakout is coming. Altcoin season came around in April and is expected to reach some of its highest levels in May. For Chainlink (LINK), this level could be $20 according to analysts.
LINK must overcome critical resistance levels to hit its target. Notably, LINK has previously faced rejection at the $15 resistance level, which remains a major hurdle for the asset. Chainlink is finally cruising above this level and sustaining the bullish momentum, backed by rising trading volume, which could support its journey to $20.
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If LINK succeeds in surging to $20, it could target the $24 range next. Such a move could allow it to join the list of the top 10 crypto assets by market capitalization. Currently, Chainlink (LINK)’s market cap stands at $9.78 billion, but such growth will nudge it to $24 billion. The climb would leapfrog LINK over other top altcoins: Sui and Tron. Should LINK do that, the possibilities for the asset are endless. However, all would have to go in the favor of LINK, including whale investors joining the buying race.
Analysts at CoinCodex remain bearish, not anticipating LINK’s price to hold at $15. The platform predicts the asset will face a steep correction to $7.88 on May 24. LINK’s price will dip by over 45% if it dips to $7.88. However, the asset’s recent momentum paints a brighter picture. Indeed, the road to $20 for Chainlink appears more likely. Crypto ETF inflows are rising again, and the total crypto market cap is now up to $3.25 trillion. With a healthy market, Chainlink could enter the summer season at or above $20.
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