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Chainlink (LINK) Price Jumps 12% as Exchange Outflows Hint at Bullish Accumulation
Chainlink (LINK) Price Jumps 12% as Exchange Outflows Hint at Bullish Accumulation
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Chainlink LINK News - Chainlink’s native token LINK has surged 12% in the past 24 hours, trading at $14.63 as investors withdraw assets from exchanges. Net outflows indicate growing accumulation, with technical analysts targeting a breakout above $15.22 that could push prices toward $19.30—potentially testing the $24.50 resistance level. The divergence between exchange balances and price action suggests a supply squeeze may be developing, mirroring patterns observed in previous bull cycles. Traders are positioning for what some call ’the oracle play of this cycle,’ highlighting Chainlink’s dominance in decentralized finance (DeFi) infrastructure. Liquidity conditions remain strong, with derivatives data showing rising open interest alongside spot volumes.
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