Chainlink (LINK) News Update - May 11, 2025
Price Surge:
Chainlink's price is around $16.26, up 3% in the last 24 hours, with strong support at $15.50. Analysts predict a potential breakout to $25 if it clears $16 resistance.
Bullish Signals:
On-chain data shows whale accumulation and increased trading volume, hinting at a possible rally to $20. Technical indicators suggest LINK is in a bullish continuation pattern.
Rewards Program:
Chainlink Rewards launched, distributing 100M $SXT tokens to LINK stakers, boosting community engagement.
Market Sentiment:
LINK benefits from a bullish crypto market, driven by Bitcoin's $100K+ rally and Ethereum's Pectra upgrade.Stay tuned for more updates!$LINK
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