Crypto Driver
08/19 06:08
LINK Jumps 18% Weekly: What’s Driving Chainlink to
LINK Jumps 18% Weekly: What’s Driving Chainlink to a 6-Month Peak?
- Chainlink breaks multi-month resistance with volume, pushing the price above $25 and nearing the key $29 level.
- Whale wallets added 1.1 million LINK this week, showing strong confidence despite minor pullbacks.
- Chainlink leads RWA development with new ETF data feeds, boosting its institutional adoption narrative.
Breakout Clears Long-Term Resistance
Chainlink (LINK) has gained over 18% in the past week and is currently trading around $25. The move followed a breakout above a key resistance area between $20 and $21. This zone had previously rejected the price multiple times since early 2025.
Notably, the breakout came with strong volume, pushing the asset well above the 200-day moving average. The green zone on the chart marked a supply region, which is now acting as support. The current structure shows price consolidating after the breakout, holding above support for now.
#HTX 12th-Anniversary Carnival#HTX community ✖ SUNPUMP Creator Championship#Claim1,200 USDT in the Monthly Creation Challenge
1分享
全部评论0最新最热