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BTCC / BTCC Square / Global Cryptocurrency /
Chainlink LINK Shows Bullish Strength as Price Holds Above $16 Amid Strong Investor Demand

Chainlink LINK Shows Bullish Strength as Price Holds Above $16 Amid Strong Investor Demand

Author:
Global Cryptocurrency
Published:
2025-05-27 13:05:13
9
1
Chainlink LINK News -

Chainlink’s native token LINK is displaying renewed bullish momentum after surpassing the $16 mark, currently trading at $15.80 following a slight retracement. The decentralized oracle network continues to capture significant market interest, with weekly exchange outflows reaching $11.27 million.

Analysts note persistent buying pressure despite brief consolidation NEAR $15.70. Increased exchange withdrawals typically signal stronger holder conviction, reducing immediate selling pressure. Technical analysis from Bit Guru suggests LINK’s setup indicates potential for further upward movement.

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