Architectural Concept Design Collection

  • CONTACT
  • MARKETCAP
  • BLOG
Finances Investing and Crypto News
  • BOOKMARKS
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Reading: Chainlink price targets $20 as exchange outflows surge
Share
  • bitcoinBitcoin(BTC)$104,609.96
  • ethereumEthereum(ETH)$2,488.25
  • tetherTether USDt(USDT)$1.00
  • rippleXRP(XRP)$2.15
  • binancecoinBNB(BNB)$652.41
  • solanaSolana(SOL)$153.38
  • usd-coinUSDC(USDC)$1.00
  • dogecoinDogecoin(DOGE)$0.189827
  • tronTRON(TRX)$0.268929
  • cardanoCardano(ADA)$0.67
Finances Investing and Crypto NewsFinances Investing and Crypto News
0
Font ResizerAa
  • Finance
  • Investment
  • Crypto
  • Market
  • News
Search
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finances Investing and Crypto News > Blog > Crypto > Bitcoin > Chainlink price targets $20 as exchange outflows surge
BitcoinBlockchainMarket

Chainlink price targets $20 as exchange outflows surge

admin
Last updated: 21/05/2025 7:58 Chiều
admin
Published 21/05/2025
Share


Chainlink price may be on the verge of a breakout to $20 as exchange outflows rise and ecosystem growth continues.

Chainlink (LINK), the largest provider of oracle services, was trading at $16 on Wednesday — up 60% from its lowest point this year.

CoinGlass data shows that investors have continued accumulating the coin in anticipation of a rebound. As shown below, exchange balance netflow has remained negative every week since June of last year. So far this week, $11.27 million worth of LINK has exited exchanges, following $55.2 million in outflows last week.

Falling exchange balances typically occur when investors move their tokens into self-custody wallets. Rising balances, on the other hand, suggest selling pressure as investors deposit coins onto exchanges.

Chainlink exchanges outflows
Chainlink exchanges outflows | Source: CoinGlass

Chainlink’s technology is gaining more traction as the decentralized finance (DeFi) sector expands and as the outlook for real-world asset tokenization improves. For instance, Chainlink recently facilitated a transaction between JPMorgan and Ondo Finance (ONDO).

Chainlink’s cross-chain interoperability protocol went live on Solana (SOL) mainnet, a move that unlocked over $18 billion in assets. CCIP has also helped Solv Protocol, a Bitcoin staking platform, boost its assets to $2.5 billion, with $1.16 billion of them being powered by CCIP.

Analysts believe the RWA industry is still in its early stages and has substantial room for growth, a trend that could benefit Chainlink. Asset manager VanEck estimates the market for tokenized securities has already reached $50 billion and may exceed $30 trillion by 2030.

LINK price is also expected to benefit from Chainlink’s partnership with Swift, the global financial messaging network that processes trillions of dollars annually. The collaboration focuses on integrating blockchain infrastructure with traditional finance to enhance efficiency.

Chainlink price technical analysis

Chainlink price
LINK price chart | Source: crypto.news

The daily chart shows that LINK formed a double bottom at $10.20 in November last year and again in April, a bullish reversal pattern that often signals strong upside momentum. LINK has also formed an ascending channel over the past three weeks and is currently supported by the 50-day weighted moving average.

The most likely scenario is a continuation toward the psychological resistance level at $20, a 27% gain from current levels. A drop below the lower boundary of the ascending channel would invalidate the bullish outlook.

You Might Also Like

Why was Dogecoin up 8% on Wednesday?

Worldcoin and Hyperliquid to extend price rallies

Hyperliquid up 260% from April lows, daily revenue hits $2M

Solana slides to monthly low as memecoin frenzy fizzles

What is ‘when lambo’ in crypto? Crypto terms explained

TAGGED:Chainlinkexchangeoutflowspricesurgetargets

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article VanEck’s new fund targets real-world utility in Avalanche ecosystem
Next Article new bill classifies Bitcoin as property
Leave a Comment

Để lại một bình luận Hủy

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *

Follow US

Find US on Socials
FacebookLike
- Advertisement -
Ad image
Popular News
The $40 billion scam economy and the architecture of trust
Emergency Funds: Importance and How to Build One
Debt Management: Strategies to Pay Off Debt Efficiently
Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date
Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Finances Investing and Crypto News

FICN.net brings you the latest in finance, investment, and crypto. Stay informed with expert insights, market analysis, and beginner guides. Whether you're new or experienced, FICN.net helps you explore opportunities, manage risks, and make smarter financial decisions in a fast-changing world.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image
© 2024 Finance, Investment, and Crypto News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?