Chainlink (LINK) is gaining attention again after its price climbed 7.3% in 24 hours, reaching $18.37. This increase follows bullish institutional news, a confirmed technical breakout, and a general rise in the altcoin market.
As such, a well-known crypto analyst has predicted that the Chainlink price could sustain this momentum and reach $22 or even $28 in the near term.
Why Chainlink Price is Going Up Today
The biggest driver behind Chainlink’s latest surge is its real-world adoption in traditional finance (TradFi). JPMorgan recently utilized Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate a cross-chain transaction between its private network and a public blockchain.
This might sound technical, but it’s a massive signal for the future of tokenized assets. Bitwise recently estimated the tokenization opportunity at $257 trillion, and Chainlink’s oracle network is becoming the backbone of this shift.
By securing verifiable data and enabling the cross-chain movement of assets, LINK is slowly becoming critical infrastructure for institutional DeFi.
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Beyond CCIP, Chainlink is also expanding its on-chain compliance and digital identity solutions. In a fresh update, Chainlink announced the integration of the verifiable Legal Entity Identifier (vLEI) into its Automated Compliance Engine.
This move aims to make verifiable organizational identities accessible across the blockchain economy, another narrative that resonates with regulators, enterprises, and institutions seeking compliance-friendly blockchain infrastructure.
On-chain metrics are also backing LINK’s recent price strength. Daily active addresses and new address creation have both picked up, signaling fresh participation in the network. Over the past seven days, new addresses grew by 21.21%, while active addresses surged 55.97%, and even zero-balance address activity spiked 72.22%.
Analysts Eye $22 and $28 as Next Key Targets for LINK
This JPMorgan collaboration, announced on July 17, coincided perfectly with LINK’s breakout above $18, adding institutional credibility to its already strong narrative.
Technically, LINK is showing strong bullish momentum. After consolidating for seven days between $17.20 and $17.80, it finally broke higher, reaching $18.34, with trading volume spiking 70% to over $1.47 billion.
Ali Charts on X noted that LINK is “ready to break out,” with eyes on $22 next and possibly $28 if momentum accelerates.
Similarly, More Crypto Online suggested LINK is entering wave 3 of a larger Elliott Wave cycle, which typically marks the strongest rally phase in a bull structure.
With this technical setup and institutional backing, the next key levels are clear. The immediate resistance remains at $19–$20, while the short-term target is $22, a psychological level and technical barrier.
In the medium term, Chainlink price could reach $28 if the altcoin season extends and Bitcoin remains stable, as predicted by analyst Ali.
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