Chainlink LINK Surges 3.8% as Bulls Target $18–$20 Range Amid Market Recovery

BTCC / BTCC Square / Global Cryptocurrency /

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2026-04-07 07:14:08

Chainlink LINK News -

Chainlink (LINK) surged 3.83% to $8.95 on April 7, 2026, fueled by renewed institutional and retail interest. Trading volume spiked 94.57% to $588.39 million, signaling aggressive accumulation near key support levels. The weekly gain of 3.2% reflects measured optimism despite broader crypto market uncertainty.

Technical analysis reveals a descending channel with weakening bearish pressure. LINK now tests the upper half of this structure, with the 50-day moving average acting as dynamic resistance. 'The lower boundary remains a demand zone, but reclaiming $9.50 could accelerate momentum,' noted analyst Whales_Crypto_Trading.

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