The post Chainlink (LINK) Price: Is the $20 Support Level the Springboard to a $47 Target? appeared on BitcoinEthereumNews.com.

TLDR Chainlink price currently trading at $21.28, defending crucial $20 support level Analyst predicts potential rise to $47 if current support holds UBS Asset Management adopting Chainlink Digital Transfer Agent (DTA) standard LINK forms inverse head-and-shoulders pattern on 4-hour chart with neckline at $22 Swift integration enables banks to trigger onchain transactions using existing infrastructure Chainlink’s LINK token has maintained important price support while simultaneously expanding its institutional reach through major partnerships. The oracle provider recently announced a groundbreaking integration with Swift, the global financial messaging network, allowing banks worldwide to connect to blockchains using their existing infrastructure. The integration comes as part of a broader pilot involving UBS Asset Management and the Monetary Authority of Singapore (MAS). This collaboration demonstrated how tokenized fund workflows could integrate with existing fiat payment systems. The project utilized Swift’s ISO 20022 messages to execute fund subscriptions and redemptions onchain. This approach represents a major improvement over traditional finance methods, which require multiple intermediaries, each adding time and reconciliation steps to transactions. Chainlink’s price has shown resilience despite market fluctuations. Currently trading at $21.28, LINK has defended the critical $20 support level that analysts view as essential for maintaining its upward trajectory. Technical analysis reveals LINK moving within a defined ascending channel, consistently bouncing from the lower boundary while testing upper resistance levels. One analyst named Ali suggests that if the $20 support holds, LINK could be positioned for a sharp continuation toward a $47 target. If Chainlink $LINK defends $20 support, the next target could be $47. pic.twitter.com/GUTAuMdJyH — Ali (@ali_charts) September 30, 2025 On the 4-hour chart, LINK displays an inverse head-and-shoulders formation, which technical analysts often interpret as a reversal pattern. The neckline breakout sits near $22, and surpassing this level could quickly drive LINK toward $24.69 and beyond to $25.64.…

---

Filed under: News - @ October 1, 2025 12:26 pm