Chainlink Faces Resistance At $20 After 61% Monthly Rally
Chainlink (LINK) seems to be facing some resistance at the $20 mark. There is some demand in this area from February of this year. LINK last tested this price point in mid-February, without success. LINK’s price has rallied 2.1% in the last 24 hours, as CoinGecko reveals, 17.3% in the weekly charts, 35.4% in the 14-day charts, 61.7% over the previous month, and 37.8% since July 2024. Source: CoinGecko Can Chainlink Break Past The $20 Barrier By July End? Source: Binance Academy LINK’s latest rally follows the market-wide upswing. Bullish developments around pro-crypto legislation in the US and consistent high inflows into crypto-based ETF products have led to a substantial rally. The latest bullish swing has led to several crypto assets hitting new all-time highs. Bitcoin (BTC) climbed to a new peak of $122,834 on July 14. Ripple’s XRP token hit a new high of $3.65 on July 18. Binance’s BNB coin also hit a new all-time high of $801.83 earlier today, July 23, 2025...