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

Chainlink's price has increased significantly, rising by approximately 19% in the past week and reaching $17.13. This surge is attributed to Chainlink's integration with Australia's PayTo system via Project Acacia, growing institutional support through partnerships with SWIFT and Google Cloud, and positive developments in U.S. crypto policy. The price is approaching a key resistance zone between $17.50 and $18.00. A break above this zone could push the price towards $20. However, the Relative Strength Index (RSI) indicates that Chainlink is currently overbought, suggesting a possible pullback. Immediate support is seen at $15.25. Trading volume has increased by nearly 9% to over $873 million.