Chainlink (LINK) Shows Bullish Momentum, Targets $21.71 Resistance Breakout
Chainlink's native token LINK demonstrates resilience despite short-term bearish pressure, currently trading at $18.42 with a 1.66% intraday gain. The cryptocurrency maintains a bullish technical structure, forming consistent higher lows since early June, though facing immediate resistance at $19.53.
On-chain metrics show sustained accumulation, with the Chaikin Money FLOW indicator holding steady at +0.14 - indicating continued capital inflows. The Bull and Bear Power reading of +0.38 confirms bulls remain in control, suggesting potential upside if LINK can decisively break through the $19.50-$21.70 resistance zone that previously capped its rally.