Chainlink Price Prediction – LINK Could Retest $20 If Marketwide Momentum Continues

Highlights:

• Chainlink rides Trump reserve momentum, but bulls not yet in the clear
• Chainlink slows down intra-day but is still up after the Sunday rally
• Rally based on marketwide strength could see LINK hit $20

Chainlink (LINK) has been experiencing significant price growth in the past 24 hours, representing strength in the overall crypto sentiment. LINK was trading at $16.05 at the time of writing, representing a daily increase of 9%. Chainlink’s price action in the last 24 hours has little to do with Chainlink itself but rather with happenings in the broader cryptocurrency market.

Chainlink Price Rally Triggered By Trump’s Crypto Reserve News

Yesterday, March 2, Donald Trump revealed a U.S. “strategic crypto reserve” for Bitcoin, Ethereum, XRP, Solana’s SOL, and Cardano’s ADA. This announcement came with a post on Truth Social. This marks a notable shift in Trump’s stance on digital assets, as it is the first time he has explicitly talked about a reserve strategy instead of a simple stockpile of cryptocurrencies.

💥 JUST IN : 🇺🇸 President Trump announces a "Crypto Strategic Reserve that includes $XRP, SOL, and ADA’’

Let’s fucking go 🚀 pic.twitter.com/AKUmgKYANc

— Amonyx (@amonbuy) March 2, 2025

The difference between a reserve and a stockpile is crucial. A reserve implies that the government has acquired the digital assets, meaning it has taken a proactive approach. The move has triggered a price rally across the market, including Chainlink, indicating rising optimism among investors.

Chainlink Could Turn Bullish Despite Not Being in Trump’s Crypto Reserve

Immediately after Donald Trump announced, Bitcoin rose to $94,343.82, a 10% jump that saw it recover from its recent three-month low of under $80,000. Meanwhile, struggling Ethereum breached early-year losses, while XRP, Solana, and Cardano rallied by 33%, 25%, and 60%, respectively.

While Chainlink was not explicitly named in Trump’s reserve plan, it rallied based on its standing as one of the best cryptocurrencies in the market today. Chainlink serves as a pivot of contiguity of traditional financial markets and blockchain. Chainlink ensures that smart contracts can access the world’s information in an automated and trustless way.

The U.S Government holds $LINK since two years already. Of course $LINK will be part of a larger US strategic reserve. pic.twitter.com/pFIhecQEiO

— CHAINLINK REVOLUTION (@CHAINLINK77777) March 3, 2025

Why Chainlink Matters in a Pro-Crypto Environment

The pro-crypto Trump might positively impact the adoption of blockchain technology within the United States, thereby fueling the demand for reliable data solutions such as Chainlink. Regulatory clarity under Trump’s administration might improve, resulting in increased adoption of smart contracts and making Chainlink a necessary component of the growing decentralized ecosystem.

Trump’s hosting of the first-ever White House Crypto Summit this Friday will attract investor attention, given his expected announcement of further elaborated strategies about his reserve crypto plan. Investors will watch this initiative closely to understand how it will be realized and whether more cryptocurrencies, including Chainlink, will be added.

Technical Analysis – Chainlink Price Rebounds But Bulls Not Yet in the Clear

Chainlink had a bullish reversal on March 2 after Trump’s announcement triggered a marketwide rally. However, this momentum appears to have fizzled out, and Chainlink bears seem to have regained control. That said, Chainlink bears are yet to clear yesterday’s bullish candle, meaning bulls still have momentum.

If bears sustain momentum, LINK could retest its 4-day low of $13.409. On the other hand, if bulls regain momentum, Chainlink could target weekly resistance at $17.83. A rally through resistance could put $20 in focus in the short term.

Recap

Despite recently suffering from the inevitable adverse price action driven by broader market price action, Chainlink is on a rebound. The rising adoption of blockchain technology means increased reliance on decentralized data solutions, making them essential for the future. As such, Chainlink’s position and relevance in the new digital economy are unquestionable.

Additionally, after Trump’s announcement, the entire market surged, which has earned institutional investors and governments’ attention to cryptocurrency. All this gives hope for the future of Chainlink and the whole cryptocurrency space.