Chainlink (LINK) Rallies Toward $28 Amid Bullish Momentum and Regulatory Tailwinds

Andrew Chen
ChainLink (LINK)

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Key Takeaways:

  • LINK is experiencing bullish momentum, with a 7.5% daily gain and rising volume.
  • Analysts predict a possible rally to $28 as futures interest and investor sentiment climb.
  • Regulatory progress and Chainlink’s compliance innovations may unlock further growth.

Chainlink’s native cryptocurrency, LINK, is making headlines with a strong price surge—up 7.5% in the past 24 hours, trading around $18.51. The token has also witnessed a 70% jump in daily trading volumes, exceeding $1.45 billion, indicating intensified market interest.

This momentum caps off a bullish month, with LINK gaining 43% over the past 30 days and 19% over the past week, pushing the token into the top 15 cryptocurrencies by market cap.

Analysts Forecast LINK Price Breakout to $28

Respected crypto analyst Ali Martinez has forecasted further upside for LINK. According to his technical analysis, LINK could first hit $22 as a near-term target, before stretching toward $28 if current market sentiment sustains.

Adding fuel to this outlook is the rise in LINK futures open interest, which climbed 13% to approach $1 billion, per CoinGlass. This reflects growing trader confidence and hints at the potential for heightened volatility.

Falling Exchange Supply Signals Long-Term Confidence

Another bullish indicator is the declining supply of LINK on exchanges, which has now reached an all-time low. Historically, when exchange balances drop, it suggests that investors are moving tokens to private wallets—often a signal of long-term holding intentions.

This pattern points to increasing confidence among investors in Chainlink’s future prospects, further strengthening its bullish case.

Chainlink Teams With SEC Task Force Amid Regulatory Progress

Chainlink Labs recently joined the U.S. SEC Crypto Task Force, a key step toward helping shape regulatory standards for tokenized asset issuance and trading. The initiative emphasizes the importance of compliance in unlocking institutional capital and widespread blockchain adoption.

Central to Chainlink’s compliance strategy is its Automated Compliance Engine (ACE), which enables developers and financial institutions to program regulatory rules directly into smart contracts.

Also Read: Chainlink (LINK) Eyes $18 After Bullish Rebound

The recent approval of the GENIUS Stablecoin Act by the U.S. House is another major catalyst. This legislation provides clear legal frameworks for stablecoins and digital assets, allowing banks to custody crypto and stablecoins lawfully.

Chainlink CEO Sergey Nazarov highlighted the significance of this development, stating that the demand for proof of reserves and cross-chain connectivity—both provided by Chainlink—will skyrocket globally.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

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