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.