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Chainlink (LINK) Surges Past $18.80 as Institutional Adoption Fuels Rally Toward $22
Chainlink (LINK) Surges Past $18.80 as Institutional Adoption Fuels Rally Toward $22
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Chainlink LINK News -
Chainlink's LINK token broke through key resistance levels, reaching $18.81 with a 3.01% gain over 24 hours. This upward movement comes after institutional adoption by Westpac and Imperium Markets, creating bullish momentum with targets of $22-$28.
Technical analysts highlight the sustained breakout above a long-term Gann arc resistance, indicating a potential trend reversal. The July 24th integration of Chainlink's oracle services into Project Acacia by major financial institutions has provided fundamental support beyond speculative trading.
Traders are now monitoring buying pressure to confirm higher price targets, with the $19 level serving as critical support following LINK's 19% surge on July 21st.
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