The price of Chainlink (LINK), one of the crypto market’s most respected oracle providers, is at a critical point in May 2025. Currently trading at $15.76, the Chainlink price is navigating tight technical conditions that may determine whether it explodes toward $27, or plunges to $11.
While price volatility keeps traders on edge, Chainlink’s development activity remains top-tier. According to Santiment, over the past month, Chainlink maintains its #1 spot for GitHub-based development activity among all Ethereum-based projects.
Development Activity Ranks Chainlink #1, But Market Uncertainty Remains
In a tweet by Santiment, Chainlink led a list of the top ETH-based coins by development activity, beating out Ethereum itself. The network’s back-end innovation remains unmatched, with over 46,757 GitHub commits tracked in the past 30 days.
Chainlink’s constant innovation and the top ranking affirm that Chainlink ($LINK) continues to build aggressively even during market consolidation, a trait often seen in projects that dominate in the long run.
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However, price action tells a different story. Despite strong fundamentals, LINK has struggled to gain upward momentum this week.
TradingView data shows that the Chainlink price has decreased by 0.76% over the past 24 hours, and its weekly loss is 7.66%. Although it has gained over 25% in the past month, LINK’s price remains negative year-to-date, decreasing by 21.13%, and has slightly decreased by 3.31% in the past year.
$15 Remains a Critical Price Point for LINK
X Finance Bull highlights the pivotal $15 price level for Chainlink, suggesting prices may rise to $27 or higher if it holds, or drop to $13.1 and potentially $11.8 if it doesn’t.
The accompanying chart visually outlines this scenario. LINK has been consolidating within a wedge formation, and price action is now approaching the breakout zone. A symmetrical triangle formation usually results in a price breakout aligned with the direction of the last major trend, which was bullish following the April rally.
Still, traders must remain cautious. Failing to hold above $15 could activate a bearish breakdown, pushing the Chainlink price toward the next support zones at $13.1 and $11.8. Conversely, reclaiming and holding the $15–$16 range could set LINK on a trajectory to test $27.6 and possibly $30+ levels.
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