Chainlink Breaks Yearly Downtrend as LINK Hits Highest Level Since January
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LINK rose ~7% in 24h and >20% over the past month, hitting an intraday high of $10.56 as daily volume jumped ~50%. On-chain flows show 13.5M LINK left exchanges in five weeks (≈10.5% of exchange supply), signaling reduced sell-side liquidity and accumulation (Santiment). Technical breakout above the yearly downtrend marks a bullish reversal per analyst Crypto Rand, supporting token momentum, DeFi oracle demand and broader crypto adoption.
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- LINK surged nearly 7% in 24 hours and over 20% in the past month while volume rose 50%.
- Crypto Rand sees a bullish reversal after LINK broke above its yearly downtrend resistance.
- Santiment said that 13.5M LINK left exchanges in five weeks, reducing supply by 10.5%.
Chainlink extended its recovery this week as bullish on-chain data, rising social activity, and technical breakout signals pushed the token to its highest level since January.
LINK climbed nearly 7% over the past 24 hours and more than 20% over the past month. Trading activity also accelerated sharply, with daily volume jumping roughly 50% as the token reached an intraday high of $10.56.
Crypto analyst Crypto Rand said LINK was “triggering the bullish reversal” after breaking above its yearly downtrend resistance. The breakout followed months of lower highs and declining momentum across the broad…
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