Overview

• LINK is stabilizing in the mid-$20s following the breakout, with recent quotes between $23.56 and $24.71.
• The Chainlink Reserve has surpassed 280,000 LINK, according to Mertrics, reinforcing a structural support narrative.
• Trading activity spiked during the move, with daily volume reported above $807 million, supporting the breakout’s validity.
• Analysts flag resistance near $28–$32, with $30 cited as the next objective if buying pressure holds.
• A cup-and-handle pattern points to a conditional target near $52, contingent on clearing resistance and maintaining the $21 floor.