Chainlink News on July 17, 2025: Can LINK Hit $30?

Chainlink trades near $17.88 on July 17, 2025. Will its bullish run continue?

Chainlink (LINK) is turning heads in the crypto world on July 17, 2025, trading around $17.88. With a 12.5% surge over the past week, it’s got traders wondering: is this just a quick pump, or the start of a bigger rally? Let’s break down the drivers, market trends, and what’s next for this decentralized oracle network. Chainlink has climbed from $15.85 to $17.88, fueled partly by the expansion of its Cross-Chain Interoperability Protocol (CCIP), which enables seamless data and token transfers across blockchains. Its recent partnership with DTCC, a $2 quadrillion securities settlement giant, has also boosted investor confidence. But can these developments push Chainlink to new heights? Technically, LINK has broken out of a months-long descending wedge, confirming a break of structure (BOS). Daily charts show a double bottom pattern, a classic bullish reversal signal. The RSI, sitting at 68, reflects strong buyer momentum but is nearing overbought territory, hinting at a possible short-term pullback. If LINK fails to clear the $20.50 resistance, support levels at $16.80 and $15.45 could hold firm. Trading volume, hitting $1.2 billion in the last 24 hours, signals robust market activity. Recent news is driving much of the excitement. The DTCC partnership for real-world asset (RWA) tokenization underscores Chainlink’s growing adoption by traditional finance. The CCIP launch on Coinbase’s Base blockchain has also enhanced liquidity and cross-chain capabilities. Active addresses have surged to 47,300, pointing to rising user engagement. Yet, an 8.6% drop in trading volume recently and signs of bearish RSI divergence could be a warning for traders. Fundamentally, Chainlink’s role as a critical DeFi infrastructure, connecting real-world data to smart contracts, gives it a unique edge. The network processed over $1.5 trillion in transaction value last year and integrates with over 1,200 projects. Some critics, though, argue its focus on traditional institutions might clash with crypto’s decentralized ethos. Could this limit its long-term potential? Risks are worth noting. Recent whale movements, like a $3.5 million LINK transfer to exchanges, raise concerns about profit-taking. Competition from projects like Pyth Network could also pose challenges. Still, some analysts, echoing sentiment on X, predict LINK could hit $30 or even $50 by year-end if the broader crypto market stays bullish. For investors, timing is everything. Jumping in now might be risky if a short-term correction looms. Waiting for price consolidation or a confirmed breakout could be smarter. Chainlink remains a high-potential project, but patience and careful analysis will be key to navigating its next moves.