LINK news update: Pro crypto convergence in TradFi and DeFi may start rally to $18
2025-07-17 16:06:20
Main Idea
LINK price may rally above $18 due to the convergence of traditional finance (TradFi) and decentralized finance (DeFi), supported by a bullish pattern and recent crosschain transactions involving JPMorgan and Chainlink.
Key Points
1. LINK price is consolidating between $10.94 and $18, with potential to complete a double-bottom pattern targeting $25.06 if it breaks $18.
2. JPMorgan, Chainlink, and Ondo Finance completed a crosschain Delivery versus Payment (DvP) test transaction, indicating TradFi and DeFi convergence.
3. A rebound off the 20-day exponential moving average ($14.85) could signal continued bullish momentum for LINK.
4. If LINK fails to hold $18 and breaks below the 20-day EMA, range-bound trading may persist.
5. The 4-hour chart shows buyers maintaining control, with minor dips being purchased, supporting a potential uptrend.
Description
LINK price is on the verge of confirming a historically bullish pattern, which could send the altcoin’s price above $18.
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