LINK is on the verge of confirming a bullish pattern that could see its price surpass $18. This speculation arises as the convergence of traditional finance (TradFi) and decentralized finance (DeFi) is expected to drive LINK higher. During the RWA Summit in Cannes, JPMorgan's blockchain payments innovation head emphasized the rapid integration of onchain systems within established financial institutions. Currently, LINK has been trading within a range of $10.94 to $18. A breakout above $18 would confirm a double-bottom pattern with a target of $25.06. Conversely, a sharp decline below the 20-day moving average signals continued range-bound action. Bulls are maintaining support on minor dips, indicating potential upward momentum unless a significant drop occurs below key moving averages, which would pull the price lower to $14.70 or $14.

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