LINK to the Future: Crypto Convergence May Send Prices Soaring 🚀

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So, I was reading about this super exciting thing that happened at the RWA Summit Cannes (I know, I know, it sounds like a real snooze-fest, but bear with me). Nelli Zaltsman, the head of blockchain payments innovation at JPMorgan Kinexys (try saying that three times fast), said that decentralized finance and traditional finance are becoming BFFs. Like, who wouldn’t want to be friends with a banker, right? 🤑

Anyway, it seems that JPMorgan, Chainlink (LINK), and Ondo Finance (ONDO) recently completed a crosschain Delivery versus Payment (DvP) test transaction. I have no idea what that means, but it sounds impressive. And it got me thinking: could this convergence of TradFi and DeFi be the key to LINK’s success? 🤔

Let’s take a look at the charts, shall we? 📊

LINK price prediction (a.k.a. my attempt to sound like a financial expert)

So, LINK has been stuck in this range between $10.94 and $18 for months. It’s like, come on, LINK, make up your mind already! 🙄

But seriously, if the price turns down from $18 and finds support at the 20-day exponential moving average ($14.85), that’s a good sign. It means people are still optimistic about LINK, and it might just break above that $18 level. And if that happens, we’re looking at a double-bottom pattern, which could take us all the way to $25.06. Cha-ching! 💸

On the other hand, if the price turns down sharply from $18 and breaks below the 20-day EMA, it’s like, oh no, we’re stuck in this range forever! 😩

But don’t worry, folks, the bulls are still in control. They’ve been buying up every minor dip, and the pair could turn down from $18, but a rebound off the 20-EMA suggests that buyers are still in charge. So, there’s still hope for a break above that overhead resistance. 🤞

Unless, of course, the price turns down sharply and breaks below the 50-simple moving average. Then we’re looking at a slump to $14.70 and maybe even $14. But let’s not think about that right now. 😳

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2025-07-17 18:45