Overview
- On-chain tracker Lookonchain reports 30 new wallets withdrew 6,256,893 LINK, worth about $116.7 million, from Binance since Oct. 11.
- LINK jumped roughly 10% on Oct. 20 as trading volume doubled, signaling renewed buying interest.
- Chart watchers highlight a potential double bottom with a neckline near $20, with measured targets around $24–$26 if confirmed.
- Analysts also point to a long-term symmetrical triangle that could extend gains toward $30 on a sustained break, while failure to hold $16.5–$17 would raise downside risk.
- Investor confidence draws on Chainlink’s Q3 partnerships with Swift and DTCC, a Commerce pilot, continued oracle market lead by TVS, and uninterrupted oracle service during an AWS outage.