Overview

• LINK surged 13.5% in the past 24 hours to trade around $19.04 following the launch of the Chainlink Reserve.
• The Chainlink Reserve uses off-chain enterprise revenue and on-chain service fees to accumulate LINK tokens and bolster network sustainability.
• Momentum indicators have flipped bullish, with the RSI at 76 and MACD lines firmly in positive territory, signaling strong upward pressure.
• A sustained move above $20.5 could open the door for LINK to retest its January peak near $27.27.
• Key support levels to watch are $17.20 and the longer-term demand zone around $16.10 if market sentiment reverses.