Buy-side strength grows for Chainlink, but mixed on-chain signals challenge a sustained rally toward $18

• LINK rebounded from support amid rising derivatives volume, strong long interest, and whale activity. While bullish signals grow, uneven on-chain data may limit momentum toward $18 resistance.

Chainlink [LINK] has rebounded from the lower boundary of its parallel channel as taker demand and long positions surge across derivatives markets, suggesting renewed investor confidence. 

At press time, the price traded around $13.50, just above the $12.50 support level, which has historically triggered upward momentum. This rebound aligns with a long-term ascending structure dating back to mid-2023. 

If momentum holds and buying interest persists, a retest of the $18 mid-channel resistance appears plausible in the near term.