Chainlink (LINK) Eyes $22 Breakout as Bullish Momentum Builds
Chainlink's LINK token has surged past the $17.50 resistance level, marking a 50% gain since the beginning of the month. The rally follows a rebound from the $12.70 support zone, with rising trading volume and active addresses signaling strong investor participation.
Exchange balances have dropped to historic lows, suggesting accumulation rather than distribution. Technical indicators point to a potential continuation of the uptrend, with traders now targeting the $22 threshold. Whether LINK can sustain momentum to reach $28—or even $50 by 2025—remains the market's key question.