Chainlink (LINK) Jumps 14% as Bullish Momentum Targets $36 Resistance

BTCC / BTCC Square / Global Cryptocurrency /

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2025-08-08 10:07:16

Chainlink LINK News -

Chainlink's native token LINK surged 13.92% to $19 within a 24-hour period, accompanied by a massive 277% increase in trading volume, reaching $1.35 billion. The momentum appears sustainable, with weekly gains holding steady at 13.37%. Technical indicators are flashing bullish signals—the RSI at 62.13 and MACD both suggest continued upward movement.

Analysts note a recurring pattern of higher lows followed by explosive breakouts, mirroring price action from 2023-2024. Bitcoinsensus highlights the potential for a new bullish cycle, with $36 emerging as the next key resistance level. Market participation has intensified significantly, reflecting growing institutional interest in Oracle networks.

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