Chainlink (LINK) Price Surge: Is $47 the Next Target?

• LINK jumps 5.82% to $25 as trading volume climbs 32.12% to $3.01B, showing strong buyer demand.
• RSI at 64.71 and MACD spread of 0.356 show strong bullish momentum with room before overbought levels.
• Resistance levels are set at $31 and $37, with Fibonacci projections indicating a potential climb to $47.

Chainlink (LINK) is continuing its bullish cycle; the token is currently trading at $25, up by 5.82% in the last 24 hours. Market activity is high, with trading volume increasing by 32.12% to reach the level of $3.01 billion.