Chainlink LINK Surges Toward $25 as Institutional Demand Fuels Bullish Breakout
Chainlink's LINK token has shown impressive strength, bouncing back from the $15 support level to test the $17 resistance, with potential to reach $25. This upward movement is supported by strong spot market activity—$659 million in daily trading volume and consistent taker buy pressure indicate genuine accumulation rather than speculative trading.
Derivatives markets reflect this bullish sentiment, with positive funding rates confirming strong trader confidence. The technical setup has been flawless since July, with every pullback met by aggressive buying—a pattern suggesting institutional interest in LINK's oracle solutions rather than short-term retail speculation.