1. Summary

  • $LINK pulled back to ~21.3–21.8 after a strong run; prefer probing longs on a retest in that zone or buying into a volume-confirmed H1 close above ~23.0–24.3.

  • Price: ~21.7 USDT

  • Chainlink Reserve launch and partnership/news flow drove recent inflows.

  • don’t FOMO — trade the structure: probe on retest 21.3–21.6 or buy only after volume-backed breakout >23.0.

2. Market Overview

Capital rotated into LINK following on-chain & partnership headlines; liquidity spiked during the rally and has since cooled — continuation depends on fresh buy pressure.

3. Technical Analysis

1H: short-term bias neutral to slightly bearish — MA7 < MA25 < MA99, RSI ≈41. Key support: 21.36–21.49; resistance: 22.99 → 24.30. Volume tapered after the spike; need volume to validate any breakout.

4. Fundamental Analysis

Chainlink remains a top oracle provider; the Reserve (buy-and-lock program) is a notable bullish fundamental development but long-term impact depends on execution and actual LINK purchases.

5. Sentiment Analysis

Sentiment: cautiously bullish — headlines created momentum but retail profit-taking is possible; watch for false breakouts if volume fades.

6. Strategy

  • Entry: buy 21.30–21.55, SL 20.30, TP 23.0

  • Short: consider on confirmed break <20.30 with volume, SL 21.10, TP 18.50.