Chainlink ($LINK) Crypto Forecast: Up 5.8% Today

What is Chainlink?

Chainlink (LINK) is a decentralized oracle network that enables smart contracts to securely interact with real-world data. The overall cryptocurrency market has been experiencing some volatility recently, with various tokens showing mixed movements.

Why is Chainlink going up?

LINK crypto is up 5.8% on Jul 2, 2025 17:36

• LINK exhibited a strong bullish movement today despite some overhead pressure indicated by on-chain data earlier.
• Revealing a compliance standard and targeting institutional crypto flows worth $100 trillion could have boosted investor confidence in Chainlink's long-term potential.
• The completion of the monthly rebalancing of Virtune Crypto Altcoin Index ETP, which includes LINK, may have also contributed to the positive sentiment surrounding the token.
• Amidst the profitability of major cryptocurrencies like Bitcoin and Ethereum, the emphasis on LINK's compliance standards and institutional adoption could have differentiated it and attracted more investors, resulting in the bullish movement.

LINK Price Chart

LINK Technical Analysis

LINK News

Virtune AB ( Publ ) ( "Virtune" ) has completed the monthly rebalancing for June 2025 of its Virtune Crypto Altcoin Index ETP

Stockholm, 2nd of July 2025 - Virtune AB ( Publ ) ( "Virtune" ) today announces that it has completed the monthly rebalancing of the Virtune Crypto Altcoin Index ETP, listed on Nasdaq Stockholm and Nasdaq Helsinki ( ISIN code SE0023260716 ) .

https://www.benzinga.com/pressreleases/25/07/g46214089/virtune-ab-publ-virtune-has-completed-the-monthly-rebalancing-for-june-2025-of-its-virtune-crypto-

Chainlink Price Forecast: On-chain data signals overhead pressure as LINK holds at a crossroads

Chainlink (LINK) edges lower by over 2% at press time on Monday, starting the week on a declining trend after posting gains during the weekend.

https://www.fxstreet.com/cryptocurrencies/news/chainlink-price-forecast-on-chain-data-signals-overhead-pressure-as-link-holds-at-a-crossroads-202506300745

Chainlink reveals compliance standard, targets $100T institutional crypto flows

The new compliance solution may cut billions in compliance costs for institutions looking to invest in the crypto economy.

https://cointelegraph.com/news/chainlink-compliance-engine-100t-in-institutional-capital

Bitcoin, Ethereum, XRP Holders Sitting On Profits, While Dogecoin Trails: Report

Santiment data shows 94.5% of Bitcoin holders and 88.7% of Ethereum holders are in profit, with XRP at 65.1%. High profitability indicates strong market sentiment but also raises the risk of near-term profit-taking.

https://www.benzinga.com/crypto/cryptocurrency/25/06/46102135/bitcoin-ethereum-xrp-holders-sitting-on-profits-while-dogecoin-trails-report

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Chainlink Price History

10.05.2025 - LINK Crypto was up 6.1%

• The recent positive movement in LINK can be linked to a surge in real-world utility and positive market sentiment, reflecting increased confidence in the project's technology and potential.
• Reaching a key support level last week also adds to the optimism surrounding LINK, attracting more investors to the project.
• The general bullish trend in the cryptocurrency market today likely further supported LINK's price, as investors show a willingness to take risks and explore alternative assets like LINK.

30.04.2025 - LINK Crypto was down 5.6%

• Etoro's expansion of US crypto offerings may have diluted the market demand for Chainlink, leading to a bearish movement.
• Despite being highlighted for a potential rally, increased selling pressure mentioned in the price prediction analysis could have contributed to LINK's downward trend.
• The launch of Katana Blockchain with Chainlink may not have had an immediate positive impact on LINK's price, as market sentiment could be focused elsewhere.
• The resilience shown by LINK amidst struggles faced by other cryptocurrencies like PI might indicate a temporary setback rather than a long-term trend, potentially leading to the bearish movement.

23.04.2025 - LINK Crypto was down 5.2%

• The bearish movement in LINK today could be attributed to profit-taking by investors after a recent price surge.
• The news about Qubetics securing a large number of holders may have diverted some attention and investment away from LINK.
• The addition of support for a Trump-linked stablecoin on Binance may have caused some uncertainty and volatility in the overall cryptocurrency market, affecting LINK negatively.
• The speculation around Chainlink hitting a specific price target could have led to disappointment among investors, triggering a sell-off in the market.

22.04.2025 - LINK Crypto was up 5.2%

• Chainlink (LINK) experienced a strong bullish movement today.
• Binance adding support for the Trump-linked World Liberty Financial Stablecoin may have contributed to positive sentiment in the cryptocurrency market.
• The announcement of the 'Build on Solana' program potentially boosting Chainlink's price towards the $23 level.
• The adoption of Chainlink's interoperability standard (CCIP) by The Graph (GRT) could have also positively impacted LINK's price as it enhances its cross-chain functionality.

22.04.2025 - LINK Crypto was up 7.3%

• The adoption of Chainlink's interoperability standard (CCIP) by The Graph (GRT) for secure cross-chain transfers may have bolstered LINK's price, demonstrating the increasing utility and adoption of the Chainlink network.
• Growing whale activity within the Chainlink ecosystem, combined with the broader cryptocurrency market recovery and Bitcoin reaching a new peak, likely boosted positive sentiment around LINK.
• Despite the current bullish trend, potential resistance around the $16.5 price mark could potentially dampen LINK's surge, highlighting a crucial level to monitor in the short term.
• Speculation regarding heightened network adoption reinvigorating the bullish momentum for LINK indicates close market attention to the expansion and incorporation of Chainlink's services across various ecosystems.

22.04.2025 - LINK Crypto was up 5.2%

• Chainlink's price surged to $16.45, in line with the broader cryptocurrency market's recovery led by Bitcoin hitting a new all-time high.
• An increase in whale activity, evident from on-chain data, supported the positive sentiment surrounding Chainlink.
• A rising channel formation indicated a potential upward trend for Chainlink, with a target of $25 in the near term.
• Although facing resistance near $16.5, Chainlink's strong momentum and potential for wider network adoption may help maintain its upward trajectory.

22.04.2025 - LINK Crypto was up 5.3%

• The adoption of Chainlink's interoperability standard by The Graph (GRT) to enable cross-chain transfers across multiple ecosystems has likely boosted LINK's value, showcasing its utility and demand in the market.
• The increase in whale activity and overall positive sentiment in the cryptocurrency market, with Bitcoin hitting new all-time highs, has contributed to LINK's bullish movement as investors seek alternative assets for potential gains.
• Despite the positive momentum, there might be a hurdle around the $16.5 price level that could temporarily slow down LINK's rally, requiring further market dynamics or news catalysts to overcome.
• The ongoing discussions around increased network adoption and the potential rejuvenation of bullish momentum for LINK indicate a positive outlook for the cryptocurrency, especially as it continues to solidify its position in the decentralized finance (DeFi) space.

02.06.2025 - LINK Crypto was up 5.8%

• LINK exhibited a strong bullish movement today despite some overhead pressure indicated by on-chain data earlier.
• Revealing a compliance standard and targeting institutional crypto flows worth $100 trillion could have boosted investor confidence in Chainlink's long-term potential.
• The completion of the monthly rebalancing of Virtune Crypto Altcoin Index ETP, which includes LINK, may have also contributed to the positive sentiment surrounding the token.
• Amidst the profitability of major cryptocurrencies like Bitcoin and Ethereum, the emphasis on LINK's compliance standards and institutional adoption could have differentiated it and attracted more investors, resulting in the bullish movement.

02.06.2025 - LINK Crypto was up 5.0%

• The completion of the monthly rebalancing of Virtune Crypto Altcoin Index ETP may have brought positive sentiment to the overall cryptocurrency market, including LINK.
• On-chain data signaling overhead pressure for LINK might have initially caused a slight decline, but the announcement of a compliance standard and targeting institutional crypto flows likely boosted investor confidence, leading to the bullish movement.
• The partnership between Chainlink and Mastercard to enable over 3 billion cardholders to purchase crypto directly on-chain could have significantly contributed to the positive price action of LINK, showcasing its utility and potential for mainstream adoption.
• Despite potential profit-taking risks, the overall bullish movement of LINK today indicates strong investor interest and confidence in the project's future prospects.

20.05.2025 - LINK Crypto was down 5.6%

• The bearish movement in LINK today could be attributed to profit-taking by traders after a period of significant price gains.
• Despite positive news about potential increased usage due to the GENIUS Act, market sentiment may have been influenced by broader cryptocurrency market trends or external factors.
• Investors might be cautious due to the overall volatility in the cryptocurrency market, leading to a temporary dip in LINK's price.
• It is essential to monitor how the implementation of the GENIUS Act unfolds and its actual impact on LINK's adoption and value in the coming days.

26.04.2025 - LINK Crypto was up 5.2%

• The bullish movement of Chainlink today can be attributed to its dominance in real-world asset (RWA) innovation.
• The positive sentiment surrounding Chainlink, such as being considered a potential 1000x altcoin and a top trending crypto to buy in May, likely contributed to investor optimism and buying pressure.
• Chainlink's continued development activity and its position as a leading decentralized oracle network in the crypto space further solidified its bullish trajectory for the day.

12.05.2025 - LINK Crypto was down 6.1%

• Despite recent positive developments, including completing a crosschain treasury settlement with JPMorgan and Ondo Finance, LINK's price experienced a bearish movement.
• Recent rebound in price and bullish bets on LINK suggest strong underlying support for the token, indicating that the bearish movement could be temporary.
• Various market factors and external influences may have contributed to the bearish movement, potentially prompting profit-taking or a broader market correction.
• Investors are advised to closely monitor updates to determine whether the bearish movement is a short-term fluctuation or a more significant trend reversal.