Chainlink Surges Past $15 Resistance as Tokenization Narrative Fuels Breakout

Chainlink (LINK) has climbed 3.9% over the past 24 hours, breaking above the critical $15 resistance zone amid rising interest in real-world asset (RWA) tokenization and strengthening technical indicators.

The move comes as traders rotate capital into altcoins while Bitcoin dominance cools.

Tokenization momentum strengthens Chainlink’s use case

A key catalyst behind LINK’s latest rally was a July 13 report from Bitwise Asset Management, which highlighted Chainlink as a pivotal infrastructure provider for the $257 trillion RWA tokenization market. The report specifically emphasized Chainlink’s role in securing price feeds and data infrastructure for tokenized bonds, stocks, and commodities—sectors already drawing institutional adoption.

The narrative gained further traction after BlackRock CEO Larry Fink reiterated that “every asset can be tokenized,” echoing previous endorsements of Chainlink’s importance in the financial digitalization movement. Over the past 30 days, Chainlink has seen the total value of tokenized assets secured by its infrastructure rise from $160 million to $220 million, a 37.5% increase.

Technical breakout confirms bullish momentum

According to crypto analyst Ali Martinez, Chainlink has officially broken above the $15 resistance level, signaling the start of a potential rally toward the $20 mark. His chart shows LINK pushing beyond its descending channel with upside Fibonacci targets between $17.15 and $20.

Supporting this breakout, LINK’s price now trades above its 30-day simple moving average ($13.85), with the MACD histogram showing positive divergence at +0.266 and the RSI-14 reading at a bullish 62.91. The next key resistance to watch is $15.83, the 24-hour high. If this level is breached, LINK could move quickly toward the $17.15–$20 zone as speculators front-run tokenization demand.

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Sector rotation favoring altcoins

Chainlink’s rally also comes as part of a broader altcoin surge, with traders reallocating capital away from Bitcoin into assets with strong real-world narratives and lower relative valuations. With Bitcoin dominance dipping and ETF flows diversifying, utility-driven projects like LINK are seeing renewed momentum.

As of July 13, LINK is trading at approximately $15.60—its highest level since March 2025.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.