Chainlink ($LINK) is drawing renewed attention from analysts and traders as it regains momentum in the face of stiff competition. With only a 4% gain over the past month and its market rank slipping to 13th, concerns about the project’s relevance have been growing. Still, its technical strength and growing adoption hint that a significant breakout may be on the horizon—possibly sending LINK as high as $36.5, a 133% rally from current levels.
Despite recent price stagnation under $11, Chainlink’s development team continues to build aggressively. On May 19, its Cross-Chain Interoperability Protocol (CCIP) launched on Solana, expanding the protocol’s reach and enhancing DeFi capabilities across chains. The protocol now links to major blockchains including Arbitrum, Base, Ethereum, Polygon, Avalanche, and ZKsync, with 16 integrations announced in a single update.
In the gaming world, Chainlink VRF (Verifiable Random Function) has been integrated into MapleStory Universe, signaling further diversification of use cases. Collectively, these upgrades have helped Chainlink maintain a 68% share of the oracle market with over $66 billion in Total Value Secured (TVS), according to a recent report by Santiment.
Developer activity is also soaring, with over 530 GitHub updates in the past 30 days. This persistent progress has led some market participants to predict a dramatic shift in price. One prominent trader described the coming move as a “swift and violent repricing,” citing growing interest in LINK’s long-term fundamentals.
Technically, the LINK/USDT chart shows signs of recovery. After a recent cluster-driven breakout, the token is now hovering near $15.67. Resistance looms at $20, but breaking above it could unlock targets at $25.62, $30.07, and eventually $36.5. The Moving Average Convergence Divergence (MACD) indicator is currently neutral, though a potential crossover could validate a bullish trend reversal.
The setup mirrors April’s pattern, where a brief consolidation period was followed by a 15% rally. Analysts now argue that LINK’s consolidation phase is nearing completion, with indicators pointing toward a major upswing.
While $LINK has lagged behind faster-moving tokens in recent months, its deep integrations, market share dominance, and ongoing ecosystem growth could serve as the foundation for an aggressive rally. If buying pressure returns and technical resistance levels are broken, the path to $36.5 may be closer than many expect.
