Chainlink Price Analysis: Breakout Potential Towards $30

Chainlink (LINK) price has surged past $16 on May 23, now poised to challenge a significant resistance level. This upward movement is fueled by increased activity in Real-World Applications (RWA) and positive technical factors driving analyst expectations of a potential breakthrough towards $19.50. The daily chart shows signs of bullish momentum as the asset pushes against a descending trendline that began around late 2023, with a strong closing candle signifying its potential to break through this barrier.