What to know:
- The LINK price is showing signs of a potential bullish reversal, with $11 and $15 emerging as key upside targets.
- Improving momentum suggests LINK selling pressure may be weakening after an extended period of market weakness.
- Chainlink TWAP Data Streams now supports Polymarket’s 5-minute and 15-minute crypto markets with more reliable pricing.
Chainlink (LINK) is showing signs of a potential bullish reversal for the LINK price as momentum improves and bullish divergence emerges across multiple timeframes. Meanwhile, its TWAP Data Streams integration with Polymarket enhances pricing reliability for short-term crypto markets, highlighting growing adoption of Chainlink’s oracle infrastructure.
At the time of writing, LINK is trading at $8.55 with a 24-hour trading volume of $34.75 million and a market capitalization of $6.39 billion. Following the 3.8% gain over the last 24 hours, the LINK price structure and network growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Chainlink Price Prediction: LINK Eyes $9 Breakout as Buybacks Top $42.9M
LINK Price Eyes $15 as Bullish Divergence Emerges
According to the crypto analyst Michael van de Poppe, Chainlink (LINK) is showing signs of a potential bullish reversal after extended weakness.
Michael previously called LINK a major opportunity near $6, now pointing to bullish divergences across the 3-day, weekly, and daily charts. The improving momentum, combined with an upside breakout, suggests selling pressure may be fading and a stronger recovery could follow.
Source: Michael van de Poppe’s X Post
According to the analyst, the next two target levels that need to be taken into account are $11 and $15. In case momentum continues to work, we can expect LINK to reach the $11 level within about one month from now. It might take more time to reach the $15 level, but this would be only in case of continued buying.
Chainlink Boosts Polymarket With TWAP Price Data
The data from Chainlink further highlighted that the network has rolled out the TWAP Data Streams on Polymarket, which allows for the network to support the 5- and 15-minute crypto markets on the platform.
This enables a better representation of the pricing reference through the averaging of prices within a specific time frame, thus minimizing the effect of any volatility.
The launch arrives in light of Polymarket having surpassed $9 billion in lifetime trading volume, illustrating increasing interest in prediction markets that operate on shorter timeframes.
With the implementation of Chainlink’s TWAP solution, Polymarket is able to enhance the robustness of its price data for crypto assets and the overall experience of using its platform.
Following the bullish price predictions and network expansion, the LINK price is moving in an upward direction. However, the general trend in the crypto market is still cautious, and a breakout could turn into a fakeout if conditions remain bearish.
What Happens Next?
LINK’s future actions will be determined by the ability of buyers to continue to hold momentum and the major support levels.
The formation of higher lows in LINK might be an added advantage to the bearish reversal setup, hence paving the way for $11 and then finally to $15. Additionally, further adoption of Chainlink in prediction markets might support its demand.
Also Read: LINK Price Breakout Could Target $20.63 as Buyers Defend Key Support
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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