As the crypto market looks for a new leader, Chainlink (LINK) emerges as one of the strongest projects currently. With widespread adoption of its OEV technology and a bullish technical setup, the token appears poised to target the $30 to $32 range. Signals are increasing, with whales already making moves behind the scenes.
Last Friday’s massive liquidation event served as a real-world stress test for DeFi infrastructure. Over $19 billion in leveraged positions were liquidated within hours, creating extreme volatility across all crypto markets. It was precisely in this context that Chainlink ‘s Oracle Extractable Value (OEV) mechanism demonstrated its full relevance.
Aave’s Smart Vault Router (SVR), powered by this technology, successfully executed strategic buy orders during the price drop. As a result, the lending protocol generated $1.6 million in revenue throughout the weekend, effectively transforming market panic into a liquidity opportunity.
This performance illustrates the critical role oracles play in securing DeFi protocols during extreme stress phases. To date, Chainlink remains the only data and interoperability platform to have obtained ISO 27001 and SOC 2 Type 1 certifications—credentials that strengthen its credibility with traditional financial institutions.
The partnership concluded in September with Polymarket, the world’s largest on-chain prediction market, has confirmed this dominant position. Chainlink is no longer limited to providing price feeds. Indeed, the network is establishing itself as the standard oracle infrastructure for the entire decentralized ecosystem.
The daily LINK/USDT chart shows a particularly clear Elliott Wave structure. After validating the corrective wave near the support zone at $18, the token is now evolving in what could be the impulse wave, the final phase of the current bullish cycle.
The retracement from the wave peak stopped precisely at the 61.8% Fibonacci level at $20.18, creating a major technical confluence zone. Institutional buyers appear to have positioned themselves heavily in this range, as evidenced by the vigorous bounce above $19.60 observed in recent days.
The critical resistance zone sits between $21.88 and $23.11. A confirmed breakthrough of this region would validate the continuation of the wave and open the path to the technical target of $32, representing a potential gain of approximately 60% from current levels. Momentum indicators show a resumption of buying pressure after Friday’s purge, strengthening the medium-term bullish scenario.
The immediate support remains anchored at $15.35, a level that has proven its solidity during recent shocks. As long as LINK evolves above this floor, the technical structure remains constructive and compatible with a continuation of the rally towards $30-32.
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