Chainlink (LINK) has experienced a strong surge since April, climbing over 22% to test key resistance near $17. This surge is accompanied by substantial investor accumulation, as seen in the nearly $66 million worth of LINK tokens moving off exchanges recently. Despite recent consolidation near $16, the token’s growth potential remains fueled by DeFi integrations and increasing investment activity. Technical analysis suggests Chainlink’s next move could be a breakout if prices break above resistance at $17.5 with increased trading volume. If this happens, the next key resistance will likely be between $19 and $21. Should LINK fail to hold these levels, consolidation or a retrenchment to support at $12.5 might occur, but this level has been holding strong recently.