Chainlink Price Rallies 19%, Can LINK hit $20 or Is a Pullback Coming?

Chainlink's price has increased significantly, rising 19% in the past week and reaching $17.13. This surge is attributed to factors like its integration with Australia's PayTo system through Project Acacia, growing support from institutions through partnerships with SWIFT and Google Cloud, and positive developments in U.S. crypto policy. The price is approaching a resistance level between $17.50 and $18.00. Overcoming this resistance could push the price towards $20, while failure to break through may lead to a price correction. The Relative Strength Index (RSI) indicates that Chainlink is currently overbought, suggesting a potential pullback. Volume has increased to $873.04 million. Immediate support is at $15.25.