There is no denying that the US cryptocurrency market has struggled to find any kind of momentum thus…

There is no denying that the US cryptocurrency market has struggled to find any kind of momentum thus far in 2025. However, that is starting to shift gradually with Bitcoin returning once again to the $104,000 mark. That could also be similar for Chainlink, as LINK may have finally seen a path shake out for its eventual surge to $30.

The network has easily been one of the more interesting ones over the first several months of the year. Although its native token has yet to bring about a notable upward turn, its value to the overarching industry is undeniable. With a key part to play in ongoing tokenization developments, could a surge for LINK be just a matter of time?

Also Read: Chainlink & TRON Integration Could Fuel Rally For TRX and LINK

Chainlink May Be Headed to $30, But This May Be Needed First

Investment bank JPMorgan has recently completed its very first public tokenized transaction. That process couldn’t have been completed without Chainlink’s participation, validating the settlement with the help of Ondo Finance. These kinds of developments have been majorly important to the asset class’s maturation and have often featured the network at the center.

This is a big reason why many within the industry have high hopes for the price of its native token. Despite its recent stagnation, there is hope that Chainlink may well have found a path forward toward the $30 mark. However, there is something that LINK may need to do first.

Also Read: Chainlink Rallies 17% in Two Weeks: Can LINK Hit $17 Next?

According to a recent chart from X (formerly Twitter) user World of Charts, the asset is on the verge of a bullish rally. However, the biggest obstacle standing in its way is the $17 support level. The asset has yet to be able to fully break through that mark. It did so early Tuesday, jumping 7%, only to fall back below the $16 mark over the course of the day.

Despite trading at the $15.50 mark, LINK is up more than 17% over the last 30 days, according to CoinMarketCap. If it can situate itself above the psychological $17 mark, it could form a breakout of a bullish wedge pattern. From there, a surge toward the $30 level could be next in line.