- Technically, LINK broke key resistance near $15.50; analysts target $17.50-$19.00 if bullish momentum continues.
- Bullish technical signals include positive MACD divergence, supporting the case for further potential price appreciation.
Chainlink (LINK) is trading at $15.57 USD, marking a +0.82% daily increase. Over the past week, LINK has rallied +10.36%, showing strong momentum despite being down −8.92% over the past month, −21.98% year-to-date, and −46.50% over the last six months. This rebound follows an extended corrective phase and may signal the start of a trend reversal.
Technically, LINK has rebounded from the $13.58 support zone and broken above the $15.30–$15.50 resistance area, reclaiming bullish territory. ETHNews analysts are pointing to a possible continuation toward $17.50 and $19.00, particularly if Bitcoin remains strong and market risk appetite improves.
Momentum indicators are flashing bullish, and the daily MACD shows positive divergence, suggesting more upside could be on the horizon.
Fundamentally, Chainlink continues to be a cornerstone of the decentralized oracle space. Recent developments—such as a new partnership with GlobalSyncFdn and rising usage in real-world asset tokenization—are reinforcing LINK’s long-term value proposition.
Additionally, ETHNews have noted strong accumulation in the $14–$15 range, which could act as a springboard for the next leg up.
GitHub Metrics Put Chainlink Ahead of Ethereum as LINK Reacts to e-HKD Pilot
Chainlink enabled a cross-border transfer between a digital Hong Kong dollar and an Australian dollar stablecoin. The Cross-Chain Interoperability Protocol (CCIP) handled the transaction. This protocol allows for data exchange and execution between blockchains and traditional financial networks.
The e-HKD trial included input from Visa, ANZ, Fidelity International, and China AMC. Their participation points to increased institutional testing of blockchain infrastructure for regulated payments and settlements.
While most of crypto stays flat Tuesday, Chainlink (+7.7%) and Ethereum (+6.3%) have continued to break out. These two projects are known for their top ranked developing teams. Over the past 30 days, $LINK has had the 2nd most notable github events and $ETH is in 8th. pic.twitter.com/gZ84YAvEwY
— Santiment (@santimentfeed) June 10, 2025
Chainlink ranked second in GitHub developer activity, while Ethereum placed eighth. These rankings are based on frequency and volume of code contributions, not asset price or user count. High developer activity often signals continued protocol maintenance and upgrades.
In a post on X, Chainlink co-founder Sergey Nazarov responded to a Visa report that examined the use of blockchain for institutional settlement. Nazarov highlighted that Chainlink meets three common institutional demands: reliable data inputs, compatibility across chains, and compliance standards for smart contracts.
Very excited about this report from Visa, showcasing how Chainlink is able to solve the three biggest problems of next generation smart contracts for institutional transactions, all in one platform.
1. Providing the critical data needed to properly price the assets in the… pic.twitter.com/74pI02bhBd
— Sergey Nazarov (@SergeyNazarov) June 10, 2025
However, real-world use will depend on sustained cooperation among developers, regulators, and financial entities.
The post Chainlink Tops Ethereum on GitHub Amid Rising RWA Adoption and LINK Price Movement appeared first on ETHNews.
