Chainlink (LINK) Analysis on July 9, 2025: Will It Reach $20?

Analysis of Chainlink on July 9, 2025, with technical, fundamental insights, and market trends.

On July 9, 2025, Chainlink (LINK), the native token of the decentralized oracle network Chainlink, remains a cornerstone in the blockchain ecosystem. According to recent data, Chainlink is trading at approximately $13.48, down about 1.48% over the past 24 hours. This price volatility reflects a consolidation phase following a decline from mid-May, potentially setting the stage for a mid-term bullish move. Technical analysis indicates Chainlink is consolidating within a symmetrical triangle, with key support at $12.90 and secondary support at $12.50. The primary resistance lies between $13.75 and $15, a break above which could drive LINK toward $18. The RSI on the daily timeframe is around 50, signaling a balanced market, but diminishing bearish momentum (observed in Heikin Ashi candles) and rising trading volume (approximately $321.81 million in 24 hours) suggest growing buying pressure. A bullish W-reversal pattern on the daily chart further supports the potential for an upward breakout, particularly if the price surpasses $13.75. Fundamentally, Chainlink is bolstered by several positive developments. A recent partnership with Mastercard, enabling direct crypto purchases for over 3 billion users, and integration with Ripple’s RLUSD stablecoin have strengthened Chainlink’s position in DeFi. The Total Value Locked (TVL) in Chainlink’s staking contracts has reached approximately $587 million, reflecting high investor confidence. Whale accumulation of 85 million LINK in June 2025 and a 40% reduction in exchange reserves indicate reduced selling pressure and strategic accumulation. Additionally, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has been successfully utilized in projects like Spiko’s integration for accessing $380 million in on-chain assets. These advancements, coupled with high developer activity, position Chainlink as a leader in the Ethereum ecosystem. However, risks persist. Recent tariff tensions impacting the broader crypto market could exert downward pressure on LINK. Chainlink’s correlation with Bitcoin (around 0.6) suggests that a Bitcoin downturn may affect LINK’s price. Furthermore, subdued retail participation, with active addresses ranging between 28,000 and 32,000 daily, could limit liquidity. For traders, the optimal strategy is to wait for confirmation of a breakout above $13.75 or a pullback to $12.90 support. Long-term investors can capitalize on factors like institutional partnerships, DeFi growth, and increasing adoption in decentralized applications. Overall, Chainlink exhibits strong mid-term growth potential based on technical and fundamental factors, particularly if it can break key resistance levels.