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Chainlink (LINK) Price: Could This Breakout Drive Token to $30 Target?

  • Chainlink (LINK) price is testing key resistance around $16-17 after rising above $16 on May 23.
  • Technical analysts see $19.50 as the next major resistance level, with potential targets at $22 and $30.
  • LINK leads Real World Asset (RWA) development activity among major cryptocurrencies over the past 30 days.
  • Descending wedge pattern suggests a possible 40-60% rally if a breakout occurs above the current resistance, supported by positive momentum indicators like RSI and MACD.

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