Chainlink (LINK) continues to show solid growth amid increasing institutional demand and whale accumulation.
Price Dynamics of Chainlink (LINK)
Currently, Chainlink is trading at $22.05, up 0.42% from the previous day. Over the past week, its price has risen by 40.83%, and by 44.58% in the last month. The market capitalization of LINK stands at $14.94 billion, with a trading volume of $1.76 billion over the last 24 hours.
Growth Factors and Demand for LINK
In the past two weeks, over $150 million worth of LINK has been purchased, contributing to its strengthened market position. The launch of the strategic LINK reserve, funded by both on-chain and off-chain revenues, has also positively impacted ecosystem stability and liquidity support for future integrations. The SEC’s approval of liquid staking and positive political initiatives regarding cryptocurrencies in retirement plans have further fueled interest in Chainlink.
Technical Indicators and Forecasts
Analysts note that breaking above the $24 resistance could accelerate LINK’s rise towards $28–$32. Current support is strong and lies within the $20–$19.50 range. The report also mentions a Golden Cross on the daily chart, indicating bullish sentiment and potential further growth.
Chainlink continues to attract increasing interest from institutional investors, underscoring its importance as a reliable source of real-world data in the blockchain market.
