The post Chainlink (LINK) Higher Lows Signal 22% Rally; Next Crypto Powerhouse XYZVerse Breaks $5.8M in Presale appeared on BitcoinEthereumNews.com.

After a strong finish to 2024, Chainlink (LINK) is showing signs of an even bigger breakout in 2025. Despite a brief retracement following its yearly high of $30.94 in December, LINK has rebounded with momentum, breaking out of a descending wedge pattern—an indicator often associated with major bullish reversals. This renewed optimism is further fueled by a wave of positive news. Chainlink’s latest partnerships with BX Digital and BX Swiss—affiliates of one of Europe’s largest exchange groups—signal growing institutional adoption. Additionally, the project’s weekly roundup showcased 12 new integrations, reinforcing Chainlink’s expanding role in blockchain infrastructure. Chainlink (LINK) has experienced significant growth over the past six months, with its price increasing by 87.31%. In the last month, the token added 9.25% to its value, signaling sustained interest. However, the past week saw a slight decline of 4.08%, indicating some short-term volatility. Currently trading between $23.11 and $26.93, LINK faces its nearest resistance level at $28.98. Surpassing this point could propel the price toward the second resistance at $32.79, representing a potential increase of about 22%. Technical indicators present a neutral outlook. The 10-day simple moving average is $24.20, close to the 100-day average of $24.82. The Relative Strength Index (RSI) stands at 49.55, suggesting the asset is neither overbought nor oversold. With these factors in play, LINK has the potential to continue its upward trajectory if it can break through the key resistance levels. Meanwhile, in the presale arena, a new player is making waves—XYZVerse, a rising crypto powerhouse, has already smashed past $5.8 million in early funding. XYZVerse, a project that merges sports and meme coins, has raised $5.8 million in presale funding. The project has garnered strong community support and offers a novel concept that appeals to fans of football, basketball, MMA, esports, and crypto enthusiasts seeking the…

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Filed under: News - @ January 30, 2025 2:24 am