Chainlink Price Eyes Further Upside Towards $18

Chainlink's (LINK) price is showing renewed bullish momentum as it attempts to extend its broader uptrend. According to crypto analyst Lucky, LINK may move towards $18 in the future. The token has been trading higher than its 20-day EMA at $11.564, which could provide support in case of consolidation.

The Relative Strength Index (RSI) is also indicating improving buying momentum, with a value of 60.41 and a crossing of the signal line at 56.41. However, the decline in derivatives activity may contribute to a conflicting background for the positive technical setup.

Chainlink's ecosystem expansion across various blockchain ecosystems provides a supportive fundamental backdrop for LINK's price action. The token has expanded its infrastructure on several other networks, including Arc, MOVA, ADI Chain, Ink, Monad, and Tempo.