Chainlink is showing strong momentum as the price continues to build support around the $14 level, positioning LINK for a potential move toward $20 in the coming weeks. The recent formation of higher lows and consistent buying interest suggests the token is preparing for another leg up.
Strong Support at $14 Signals Growing Upside Potential
LINK has maintained a solid base near $14, and recent trading activity shows encouraging signs of upward continuation. Technical momentum remains steady, with indicators pointing toward an improving bullish outlook. With frequent reversal signals appearing at these levels, analysts see $20 as a significant near-term target.
Sentiment across the broader crypto market has also turned positive. Bitcoin remains above $92,000 ahead of the FOMC meeting, lifting overall confidence. Over the past 24 hours, the crypto market has risen 2.12%, with Ethereum up 5% and assets like Solana, XRP, and Dogecoin also showing strong performance.
Grayscale’s LINK ETF Adds Momentum to Chainlink
A major catalyst supporting Chainlink’s bullish setup is the rapid accumulation by the Grayscale LINK Spot ETF, which purchased 2 million LINK within a week.
This development has boosted investor optimism, reinforcing the belief that LINK could see further expansion as the market approaches late 2025. Growing institutional exposure through ETF vehicles continues to support LINK’s long-term narrative.
Chainlink Bulls Target a 40% Surge
On Wednesday, December 10, 2025, LINK traded at $14.11, marking a 4% increase.
The current trend shows strong bullish momentum, with resistance at $18 being the next key level. A breakout above this zone could open the path toward $20, representing roughly a 42% gain from current prices.
Technical indicators support this outlook.
- The MACD has crossed into positive territory, signaling strengthening momentum.
- The RSI remains above 50, confirming that buyers still control the trend.
However, if LINK fails to hold its upward trajectory, support lies near $12. A drop below this level could signal a deeper correction.
