Bitprismia

What next for LINK after rebounding above $16? Check forecast

2025-08-05 10:15:31

Main Idea

LINK's price rebounded above $16 following the launch of Chainlink's data streams for U.S. equities and ETFs, with potential for further rally to $19 amid bullish market conditions.

Key Points

1. LINK is trading above $16 after recovering from a weekend low of $15.

2. Chainlink launched data streams for U.S. equities and ETFs, which are being adopted by DeFi protocols like GMX and Kamino.

3. Technical indicators suggest LINK could dip to $15.5 before potentially rallying to $19 or higher.

4. The broader market's performance may influence LINK's price, with risks of dropping to $13.9 or $10.8 if sell-offs persist.

Description

The cryptocurrency market began the new week positively, but has failed to build on the momentum. Bitcoin, the leading cryptocurrency by market cap, hit the $115k mark early on Monday but has now dropped to the $113,900 level, losing less than 1% of its value in the last 24 hours. Altcoins are also underperforming, with most of them currently in the red. Dogecoin, XRP, Tron, and BNB are all down by less than 1% over the last few hours. Chainlink’s LINK also bounced back from the weekend low of $...

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📱 Full Version
$SOL
$167.74
+1.99%
$LINK
$16.700
+1.94%
$XRP
$2.9912
+0.13%
$BTC
$115077.9
+1.69%
$BNB
$767.15
+2.19%
$DOGE
$0.20368
+2.09%
$TRX
$0.33399
+0.89%

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