Are you ready for the next wave as LINK prepares to soar again aiming for 20

CoinWorld News Report:
Chainlink prepares for breakthrough.
As the end of the year approaches, whales are accumulating LINK.
Chainlink [LINK] is approaching a potential breakthrough as it nears a crucial point in the market.
At the time of writing, LINK is trading in a descending wedge pattern on the weekly timeframe, and many traders expect a significant uptrend to occur soon.
These developments could drive up the price of LINK as it becomes a more significant participant in the cryptocurrency world.
LINK Price Trend and Predictions
Looking at the recent price trend, Chainlink has risen by about 0.5% in the past week. However, it has fallen by 5.6% in the past 24 hours.
Despite the short-term losses, LINK’s trading volume has surged over 10%, with a trading volume of approximately $290 million.
The ratio of trading volume to market capitalization is 4%, indicating sufficient liquidity to support ongoing trading activity.
As LINK moves towards a potential breakthrough, all eyes are focused on the $15 level. If LINK can break through and hold this resistance level, it could trigger a rebound with a target of reaching $20 next year.


Currently, LINK is trading below the 50-day moving average, and a breakthrough above this level could reignite the bullish momentum. Traders are closely watching this signal as it could confirm the breakout from the descending wedge pattern.
If a breakthrough occurs, LINK could experience a strong uptrend and become the top competitor in the cryptocurrency market for the last quarter of this year.
Whale Orders and Large Trades
Large trades and whale orders provide further clues about the future direction of LINK. In the candlestick chart, large trades appear as circles, with the size of the circle representing the transaction amount.
Whale orders are marked with horizontal lines, and large orders for Chainlink are concentrated around the $11 region.
These trades indicate that large investors are preparing for a price increase, as whales often accumulate when they expect prices to rise.
The longer these orders remain unfilled, the more likely it is for the price of LINK to rise.


LINK Ventures into RWA and AI Fields
Chainlink’s expansion into Real-World Assets (RWA) and Artificial Intelligence (AI) also lays the foundation for a significant price increase.
As a provider of secure oracle services for smart contracts, Chainlink is well-prepared for the upcoming tokenization of RWAs.
With major financial players like BlackRock exploring tokenization of stocks, bonds, and real estate, Chainlink could become the central infrastructure for these assets.
This integration could attract a significant amount of liquidity into LINK, further driving up its price.
Chainlink is at a critical moment. If LINK holds the key support level and breaks through $15, the prospects could be limitless.