- ChainLink rallies on its role as core RWA/DeFi infrastructure, with Total Value Secured crossing $42 billion.
- ChainLink shows a monthly growth of 5% with a 24-hour trading volume exceeding $535 million.
- $LINK trades near $9.20, coiling in a symmetrical wedge with buyers pressing the $9.40 supply zone
ChainLink price recorded a 5.7% gain over the past 24 hours and is currently trading around $9.20. $LINK is leveraging its significant role in the Real-World Asset (RWA) and DeFi sectors to stage a robust recovery, bringing its monthly performance into a positive 5% growth trajectory.
The $42 Billion TVS Milestone
According to recent data from DeFiLlama, the network now holds a Total Value Secured (TVS) of an immense $42.365 billion across various decentralized finance ecosystems. As more institutional-grade projects integrate the Cross-Chain Interoperability Protocol (CCIP) for RWA tokenization, the demand for the native asset continues to grow.
ChainLink is showing an impressive run with a current market capitalization of $6.68 billion and a 24-hour trading volume of $535 million. The market is beginning to re-price ChainLink based on its role as essential infrastructure rather than just another altcoin that has no real use case.
ChainLink Price Breaks the Symmetrical Wedge
A look at the 15-minute $LINK price chart reveals a textbook transition from consolidation to an aggressive breakout. Following a bottom near $8.60 earlier in the week, the price established a strong green ascending support line. This trendline has acted as a reliable floor, catching every minor retracement and pushing the asset toward its current $9.20 valuation.
The visual data highlights that the price is currently coiling within a tightening symmetrical wedge, defined by the green support line and a red descending resistance line. A “coiling” phase typically precedes a violent move as the market reaches a decision point.
The ChainLink Price is currently testing the upper boundary of this wedge, hovering just below a major “pink zone” of supply at $9.40. For a confirmed trend reversal on the weekly timeframe, the bulls need a high-volume close above this $9.40 resistance.
The Relative Strength Index (RSI) on the lower timeframes has moved out of neutral territory and is currently trending in the 60–65 range. An RSI level below the “overbought” threshold of 70 indicates there is a healthy increase in buying pressure while suggesting there is still technical room for $LINK to challenge the $10.00 milestone.
The MACD (Moving Average Convergence Divergence) indicator is showing signs of a bullish build-up. The MACD histogram is showing green bars, and the signal line is trending steeply upward, mirroring the recent price impulse.
Furthermore, $LINK is trading well above its key Exponential Moving Averages (EMAs), which are now acting as dynamic support levels. If ChainLink price can maintain its position above the 50-period EMA on this 15-minute timeframe, the short-term path of least resistance remains skewed to the upside.
If ChainLink price can successfully break and close above the $9.40 resistance on high volume, the next major target is the $10.00 psychological barrier. A reclaim of the $10.00 zone would signal a full recovery from the weekly drawdown and likely trigger a fresh wave of institutional interest as the “RWA” narrative gathers steam.
If the bulls fail to clear the red resistance and the green ascending support line near $9.05 is lost, a retracement to the $8.80 liquidity zone is highly probable. Our price prediction suggests a failure to hold the $8.60 structural floor would be technically damaging, potentially extending the weekly correction toward the $8.40 mark.
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