Chainlink (LINK) Price Surges Over 6% After Support Level Bounce
Bitcoin price is attempting to rebound above the support range of $95K to $97K. Chainlink (LINK) has shown bullish sentiment, surging over 6% in the past 24 hours to approximately $20.72 with a market valuation of $20.7 billion and a 24-hour trading volume of $662 million.
- LINK price rebounded from support at around $19 after testing the 50-day Moving Average.
- If LINK consistently closes above $30, it may target the all-time high of about $52.
- The LINK/BTC pair indicates a macro reversal pattern as capital shifts towards altcoins.
Chainlink Ecosystem Attracts Whale Investors
- Chainlink serves as a key infrastructure for Web3 and digital asset adoption.
- Financial institutions like BNY Mellon, JPMorgan, and State Street are using the Chainlink Standard for tokenization.
- The Chainlink CCIP v1.5 upgrade enables cross-chain token transfers efficiently.
- Whale investors added 1.35 million LINK coins in the past 24 hours, now holding 146.7 million LINK worth about $3 billion.