- LINK holds firm above $13 Fibonacci floor, signaling strong structural support for a rebound.
- A breakout above $17.65 could confirm bullish momentum, targeting $22.47 to $26 next.
- Institutional adoption drives Chainlink’s dominance, securing $89B TVS and 68% oracle share.
Chainlink (LINK) has reached a crucial support trendline that could act as a launchpad for a move to $26 or even $47. At the time of writing, LINK was trading near $15.29, consolidating along the lower boundary of its long-term ascending parallel channel that has held since mid-2023.
Price Dynamics and Channel Resilience
According to analysis prepared by Ali Charts, LINK’s market structure has remained within a defined upward channel for over a year, maintaining higher highs and higher lows despite broader market fluctuations. The 0.618 Fibonacci retracement level near $13 continues to serve as a strong technical floor, coinciding with the lower boundary of this channel.
Price movement data indicates that LINK reached approximately $28 before retreating to current trading levels near $15. This retracement reflects the asset’s recurring pattern of measured expansions followed by corrective consolidations. The central resistance area of the channel lies between $25 and $28, while the upper boundary aligns with the 1.272 Fibonacci extension level near $46 to $47, signaling potential long-term targets if momentum persists.
According to an observation by Man of Crypto, the recent formation of a corrective wave pattern suggests a completed second wave near $13.37. A confirmed breakout above $17.65 would indicate renewed bullish momentum, setting the next technical target at $22.47. Market activity shows decreasing volatility and tightening price ranges, which typically precede directional movements in liquid markets.
Institutional Expansion and On-Chain Growth
Chainlink’s ongoing integration into institutional-grade blockchain frameworks continues to reinforce its role as a core interoperability provider. Partnerships with organizations such as SBI Digital Markets, UBS Asset Management, and Apex Group have demonstrated practical use cases for Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Automated Compliance Engine (ACE).
These collaborations have advanced the network’s adoption across regulated environments by enabling compliant, cross-chain financial operations. Q2 2025 noted that the network’s Total Value Secured (TVS) exceeded $89 billion, representing nearly 68% of the oracle market share on Ethereum.
This expansion reflects sustained institutional demand and the network’s growing presence in tokenized finance ecosystems. As long as LINK supports its structure above $13, technical signals and on-chain fundamentals suggest that the asset is likely to rebound to $26 and potentially even reach $47 in the medium term.
