$LINK Chainlink (LINK) is trading at around $25.00.

From a technical perspective, LINK has broken through important resistance at around $24.38 and is holding above it. This increases the likelihood of a continuation of the upward movement with targets at $27.00, $30.00, and even $35.00 in a favorable market.

Support is located at levels of $21.48, then $20.00 and $18.50. Losing these zones may signal the beginning of a deep correction.

Institutional investors are actively accumulating LINK: just in the past week, more than 1.1 million tokens were purchased, which is approximately $27 million. Since mid-August, total accumulations have exceeded 1.29 million LINK, which is equivalent to about $31 million.

Overall market sentiment is moderately bullish. Holding above $25.00 could signal a new wave of growth.