Chainlink Price Prediction: Derivatives Traders Fully Committed, Can LINK Break the $25 Threshold?

Chainlink (LINK) has strongly rebounded from the support level near $15, currently reporting at $19.84 in the European morning today (21), with prices entering a stronger upward momentum. Every trader has a simple question in mind: Can it break through the resistance level and surge all the way to $25?

Rebound supported by actual demand

First of all, the upward trend of LINK is not only clear but also convincing. Since the beginning of July, it has been steadily rising with impressive consistency, forming a typical bullish structure. Even during pullbacks, buyers enter the market. This resilience is hard to overlook.

(Source: Trading View)

The spot market data also confirms this. Over the past 90 days, the situation has clearly favored the bulls, with buy orders dominating, which is a sign of active accumulation.

(Source: CryptoQuant)

With a daily trading volume exceeding $659 million, what we are seeing is robust participation, rather than the thin and unstable liquidity that disappears after a single fluctuation.

Clearly, the market is optimistic about these prices. While this does not guarantee a breakthrough, it undoubtedly puts the bulls in a dominant position.

Derivatives Trader Fully Engaged

The derivatives market has also turned bullish. Financing rates have turned positive, which strongly indicates that traders are now willing to pay a premium to hold long positions.

(Source: Coinglass)

This is an emotional shift, and it is a drastic change, as interest rates were still negative a few weeks ago.

The open interest contracts rose by 8.47% in a single day, reaching 843 million US dollars.

(Source: Coinglass)

A large amount of capital is betting on further pump. But the problem is: as positions increase, risks also increase. According to Binance's heatmap, the liquidation level continues to rise near slightly below the 17 dollar level (LINK's current trading price).

The situation could be a mixed bag. A complete breakout above the resistance level may trigger a short squeeze, driving prices higher. But what if there is a significant pullback? This could lead to some leveraged long positions being liquidated, instantly pulling the prices down.

Beneath the Surface, Some Dangerous Signals

On-chain indicators have added a sense of tension to the originally bullish sentiment. The MVRV ratio is currently at 37.87%, which means that many holders have taken profits. Historically, this usually means that more people are beginning to cash out, which could put pressure on prices.

At the same time, the NVT ratio has been skyrocketing—this is a typical signal indicating that the price is rising faster than actual network activity. In other words, the performance of LINK may have slightly outpaced its fundamentals.

These are not signs of disaster, but they do indicate that traders should remain vigilant. The momentum is strong, but the bubble state will not last forever.

Tokenyze Factors

However, the highlight of this wave of pump is that it is not solely driven by speculation. The utility story of Chainlink is quietly gaining momentum, and the recent partnership with Tokenyze is a great example.

Tokenyze is committed to bringing real-world assets such as copper and aluminum onto the blockchain, with Chainlink at the heart of this effort. Through the BUILD program, Tokenyze can utilize Chainlink's top-tier tools—from (Proof of Reserve), price information to Cross-Chain Interoperability Protocol (CCIP).

These are not gimmicks. They are mechanisms for verifying asset reserves, securely transferring value across blockchains, and ensuring price integrity—all of which are concerns for traditional institutions when engaging with DeFi.

Better yet, Tokenyze is allocating a portion of its native tokens to Chainlink stakers and service providers, enabling deeper coordination and value sharing within the ecosystem.

Such collaborations help change people's perceptions of Chainlink. It is no longer just a "oracle coin," but is quickly becoming a pillar of tokenized finance.

Chainlink Price Prediction: Can LINK Break Through $25?

Analysts believe that this wave of pump is indeed strong. Spot demand, enthusiasm for derivatives, and institutional-level adoption are all emerging simultaneously. However, this does not mean it will rise linearly to 25 dollars.

Yes, the momentum is strong. If LINK can break through the resistance level around $18.81, the path to $25 will quickly open up. However, high open interest, profit-taking wallets, and unstable on-chain ratios indicate that we may face a psychological test before the next round of pump.

As of writing this article, Chainlink is still soaring, but the momentum has weakened, and a huge shadow is forming at the top. Whether this shadow indicates price exhaustion or if the upward momentum will accelerate again remains to be seen.

If a pump occurs, LINK bulls will enter price discovery mode and move towards 25 dollars. Conversely, if a price reversal occurs, sellers may find a bottom at the support levels of 15.00 dollars and 13.41 dollars.

(Source: Trading View)