- Chainlink leads DeFi development with a 547.5 score but struggles to break resistance.
- Investors accumulate LINK, showing confidence, but price remains stuck below key levels.
- A breakout above $15 could push LINK to $17, while $13 remains key support.
Chainlink — LINK, leads DeFi development with a massive 547.5 score, outpacing DeFiChain and DeepBook Protocol. Despite this progress, the price struggles to gain momentum. LINK trades at $14.10, facing tough resistance at $14.64 and $20.31. Many investors wonder if this development strength will push LINK past $15 or if another pullback is coming. With long-term holders staying strong, the market waits for a clear signal.
Can @chainlink break $15? 🚀 With a 30-day dev score of 547.5, LINK leads in DeFi innovation! 📈 But resistance at $14.64 holds strong. Will bulls push it higher, or is a pullback to $13 coming? 🔥#Crypto #Blockchain #LINKMarines pic.twitter.com/7iyTE08lxZ
— The Bitcoin Daily (@tbdbitcoin) March 21, 2025
Strong Development, Weak Price Action
Chainlink is among the most active DeFi projects on GitHub, signaling rapid innovation. However, this momentum has not translated into a price surge. The 50-day moving average at $14.64 blocks further gains, acting as a key barrier. A stronger resistance stands at $20.31, making a breakout even harder. Without a decisive move past these levels, LINK may remain trapped in a tight range. Bulls need strong buying pressure to push through resistance. Until then, price action may stay sluggish despite steady development growth.
Accumulation Points to a Possible Breakout
Many investors continue holding LINK, showing confidence in long-term growth. The accumulation metric remains stable at 338.14 million, proving no major sell-offs have occurred. This could signal a hidden strength, as patient investors wait for a breakout.
Trading volume remains moderate, showing neither panic nor hype. Many traders seem to be waiting for a major catalyst before jumping in. If LINK breaks past $15, momentum could push prices toward $17 or even $18. Failure to hold current levels may trigger a drop to $13.
Chainlink leads in development but struggles to reflect that strength in price action. A move past $15 could change sentiment, sparking a bullish rally. Until then, LINK may remain stuck in a range, waiting for the next big move. Investors watch closely, ready for any shift in momentum.
