🔍 $LINK Analysis — April 24, 2025
Chainlink (LINK) is currently trading at $14.97, reflecting a +14.8% increase over the past week.
After breaking above the key resistance at $12.40 on April 16, LINK has flipped this level into support, indicating a potential shift in market sentiment.
Notably, over $120 million worth of LINK has been withdrawn from exchanges in the past 30 days, suggesting accumulation by investors. 
Technical indicators, including the Chaikin Money Flow (CMF) and Bull Bear Power (BBP), support a bullish outlook, with potential targets at $16.83 and possibly $20 if momentum continues. 
Key Levels:
• Support: $12.40
• Resistance: $15.22, $16.83, $20.00 
Conclusion:
With strong technical indicators and significant exchange outflows, LINK appears poised for further gains. However, traders should monitor resistance levels and market conditions closely.