cryptoworld

07/31 15:39

Chainlink's target price is $20 after the SEC

Chainlink's target price is $20 after the SEC and White House nod?

Chainlink's price is making headlines again, this time driven by regulatory optimism and a strong technical recovery. Chainlink has become a focal point thanks to its Cross-Chain Interoperability Protocol (CCIP). This was also highlighted in the White House's July 31st report on digital assets. The SEC's latest ETF eligibility update is another catalyst for this rally, setting the stage for a potential breakout if the bullish momentum persists.

LINK Price Analysis:

Chainlink's price chart structure has turned bullish in the short term. The price is consolidating just above $18, up 1.91% intraday and 1.73% weekly. A surge in trading volume of $610.33 million further confirms increased trader participation.

On the chart, LINK is currently trading just below its 20-period Bollinger Band Moving Average (SMA) at $18.05.  At this point, the upper Bollinger Band resistance is located around $19.03. This is closely related to the next major resistance level at $19.17. It is worth noting that if the bulls can break through this area. 

#Claim1,200 USDT in the Monthly Creation Challenge#Justin Sun's 35th Birthday Bash#Win 200 USDT: Is ETH Kicking Off Altcoin Season? #Whose “child” is ES — Solana or Ethereum?#HTX Crypto Gifts Carnival Is Live!

18Share