Chainlink’s LINK Gains 6% Amid Treasury Purchase and ETF Expectations

Chainlink's native token, LINK, increased by 6% in the past 24 hours, surpassing $24.5.
The rise is attributed to large-cap altcoins driving crypto markets higher, amid expectations of spot-based ETFs potentially entering the market following SEC approval of general listing standards.
Caliber, a wealth management firm, purchased $6.5 million worth of LINK tokens as part of its digital asset strategy.
The Chainlink Reserve bought an additional 43,000 LINK ($1.05 million) using revenue from protocol integrations and services, similar to share buyback programs.
Since August, the reserve has accumulated 323,116 LINK tokens, valued at $7.9 million.

Support for LINK is strong at $22.82 with high-volume confirmation of 5.56 million units, exceeding the 24-hour average of 1.48 million.
Resistance levels surpassed at $24.16 and $24.42, indicating continuous buying pressure.
Ascending low formations during the recovery phase suggest ongoing upward momentum.