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Cryptocurrency News Articles
Chainlink Leading the Way to New Highs with Solana
May 21, 2025 at 05:47 pm
The cryptocurrency market is buzzing, offering great opportunities for savvy investors. Among the most promising projects, Chainlink (LINK) seems to be on the rise.
The cryptocurrency market is presenting great opportunities for savvy investors. Among the most promising projects, Chainlink (LINK) seems to be on the rise.
This cryptocurrency has seen significant adoption in recent months, especially on the Solana network, attracting increasing interest from investors.
Recently, CCIP, the Chainlink Collective Identity Protocol, has launched on Solana. Through the Cross-Chain Token (CCT) standard, token developers can now permissionlessly enable Solana support for cross-chain transfers using CCIP.Launch partners of CCIP on Solana include @elizaOS, @graphprotocol, @maplefinance, @pepecoineth, @ZeusNetworkHQ, and more.
Chainlink Brings CCIP to Solana, Granting DeFi Ecosystem Access to $19 Billion in Assets
Recently, CCIP, the Chainlink Collective Identity Protocol, launched on Solana. Through the Cross-Chain Token (CCT) standard, token developers can now permissionlessly enable Solana support for cross-chain transfers using CCIP.Launch partners of CCIP on Solana include ElizaOS, Graph Protocol, Maple Finance, Pepe Coin, and Zeus Network.
Chainlink is known for its role in the DeFi ecosystem, enabling the secure and efficient exchange of digital assets. This utility has led to the integration of Chainlink Chainlink with renowned DeFi protocols such as Zeus Network and Liquity Protocol.
According to reports, the growing popularity of the Chainlink network, especially on Solana, is evident in the recent wave of adoptions and integrations.
In other news, LINK has formed a double top and a strong resistance at $16.35. A break above this resistance could propel LINK towards the historical liquidity zone between 20 and 21 dollars, presenting an opportunity for more than a 20% gain from its current price of $16.
A Point Of Control (POC) has formed at $15.8, which can act as support. Liquidity is low above $17, which could allow LINK’s price to accelerate above that level. The Chaikin Money Flow (CMF) remains in the green on the daily, indicating substantial liquidity towards the DeFi token.
Currently, Chainlink has a diluted valuation of about 15.7 billion dollars and an average daily transaction volume of 604 million dollars. Despite a recent 10% drop, LINK’s daily chart shows an uptrend since April 2025, characterized by higher highs and higher lows.
Moreover, LINK’s price has already surpassed and retested a descending wedge pattern established in the first quarter of 2025.
In the short term, investors will be keeping an eye on the double top that has formed at $16.35, which could act as a strong resistance. A break above this resistance could propel LINK towards the historical liquidity zone between 20 and 21 dollars, presenting an opportunity for more than a 20% gain from its current price of $16.
Additionally, a Point Of Control (POC) has formed at $15.8, which can be viewed as a support level. Liquidity is low above $17, which could allow LINK’s price to accelerate above that level. The Chaikin Money Flow (CMF) remains in the green on the daily, indicating substantial liquidity towards the DeFi token.
Overall, the recent Chainlink network adoptions and integrations, particularly on Solana, along with the short and mid-term growth prospects, suggest an attractive return potential for investors. However, it’s crucial to be aware of the risks associated with cryptocurrency market volatility.
To invest before a potential 20% increase, here is a guide to buy LINK on Bitget in just a few minutes:
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