Can Chainlink Reach $30 This Month? Analyzing the LINK Price Action

Chainlink (LINK) is experiencing a surge in popularity as it transitions from a DeFi oracle provider to a vital component of blockchain infrastructure. The launch of Chainlink Reserve and Payment Abstraction have fueled demand, propelling LINK price past key resistance levels like $20 and pushing towards $25. But can this momentum carry LINK further to the $30 mark? Let’s examine both the technical indicators and fundamental factors driving the LINK price action.