Chainlink LINK Nears $10 Resistance as Bullish Momentum Builds

BTCC / BTCC Square / Global Cryptocurrency /

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2026-04-18 06:34:10

Chainlink LINK News -

Chainlink (LINK) is approaching the key $10 resistance level, currently trading at $9.68 with a 0.69% gain over the past 24 hours. Trading volume has surged 4.2% to $749.81 million, indicating increased market activity. The token's 6.14% weekly increase reflects sustained accumulation rather than speculative trading.

Technical analysis shows LINK forming an ascending channel on the six-hour timeframe—a bullish continuation pattern. A rebound from the mid-channel zone has pushed prices toward the $9.80-$10 upper boundary, supported by strong buying pressure. A decisive breakout above $10 could trigger a rally toward $10.80, while a rejection may lead to short-term consolidation.

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