Chainlink (LINK) Network Growth Defies Market Trends as Holder Count Reaches All-Time High

Chainlink's network continues to expand despite challenging market conditions, with its holder base reaching a record 769,380 addresses. The cryptocurrency added 7,903 new investors this month, demonstrating sustained adoption even during its prolonged price decline.

Technical analysis indicates potential for reversal, with LINK gaining 21% from Sunday's low of $11.50 to test resistance at the 100-day moving average NEAR $14.65. The negative 17.3% reading on the 1-year MVRV ratio presents what analysts are calling an accumulation opportunity for strategic investors.

Market observers suggest that a confirmed breakout above current consolidation levels could trigger a rally toward the $25-$30 range. Chainlink's ability to attract fresh capital while existing holders remain underwater showcases the network's unique resilience in the oracle services sector.