LINK Price Nears Key Resistance as TradFi and DeFi Convergence Could Influence Future Trends

Key Points

1. LINK has been trading between $10.94 and $18, with $18 acting as a critical resistance level; a breakout could target $25.06, while failure may lead to a retest of support at $14.85 (20-day EMA).

2. JPMorgan, Chainlink, and Ondo Finance conducted a crosschain Delivery versus Payment (DvP) test, highlighting institutional adoption and boosting confidence in Chainlink's oracle services.

3. Technical analysis shows the 20-day EMA (~$14.85) as key support; a drop below could extend range-bound trading, while holding above it maintains upward momentum.

4. A successful breakout above $18 could attract more buying interest, while sustained resistance may lead to a decline toward the 50-SMA (~$14.70).

5. The convergence of TradFi and DeFi, exemplified by JPMorgan's collaboration with Chainlink, reflects growing institutional confidence in blockchain solutions.