DeFi industry growth during 2021 shows that Chainlink led all other platforms with a strong development strategy. The 547.5 development score for LINK during the last 30 days show faster growth than both DeFiChain and DeepBook Protocol.

The recent development surge did not lead to significant token price increases which creates uncertainty for investors about the long-term value potential. Santiment data reveals Chainlink has remarkable GitHub development activity which keeps its ecosystem growing and updating in every moment.

Chainlink’s Price Stalls at Key Resistance

DeFi-related commits are large because the network works hard to make decentralized applications and smart contract platforms better. Despite achieving strong growth in its infrastructure LINK has failed to achieve equal market gains.

LINK maintains a small dip of 0.79% and currently sells for $14.10 as determined by our daily tracking. The steady decline in LINK prices creates doubt about whether upgrading the platform will start moving the market up.

Chahinlink stands on a crucial deployment point as market analysis data shows. The LINK price shows resistance against upward trends because its current 50-day moving average stands at $14.64.

The 200-day moving average stands at $20.31 to sustain opposition against rising price movements. Until LINK successfully breaks through these resistance barriers it stays uncertain if price growth will continue.

Chainlink Leads DeFi Development, Struggles With Price

The market analyst notes that Chainlink stays trapped within an established trading zone. Investors need to observe how LINK responds to its resistance areas to check for possible price increases. LINK will expand its surge if it crosses $15 resistance but must stay above its current floor around $13 for more support.

LINK Faces Crucial Resistance to Breakout Rally

LINK”s holding stakeholders do not plan to exit their positions because their accumulation/distribution value stays settled at 338.14 million. LINK investors appear to enter the market when the price stays flat because they see an opportunity to purchase at lower prices ahead of an expected breakout.

LINK buyers prefer its strong performance during price surges as they skip the speculative buying pattern of other cryptocurrencies. Despite strong belief in Chainlink technology investors expect something special to happen before the price advances.

Chainlink maintains its lead in network development above its DeFi rivals since the project pushes technological progress steadily ahead. For LINK to turn its development leadership into higher prices it must achieve several strong technical performance milestones.

The LINK price may rise towards $17-$18 after overcoming its $15 resistance. A failure to achieve this barrier will likely push the token toward the $13 support zone. The DeFi space values Chainlink heavily for its development impact but its market movement stays stagnant right now.

Investors need to watch technical resistance points plus new system additions that could push LINK price upwards. As LINK reacts to market changes it will similarly show the progress in its technical building.