Summary

$LINK is trading around ~25 USDT; short-term bias neutral → conditional bullish if holds 23.29 and has a solid 4h close above 26.89 with follow-through volume.

A series of positive signals include: increased whale accumulation and derivatives trading, enterprise partnerships (e.g., FX/precious-metals data) along with security/ops certification for the network — these factors support demand but still need volume confirmation.

Analysis

Short-term bias: neutral → conditional bullish. Action: Support: 23.29 (near) → deeper 21.24; Resistance: 26.89 (recent high) → psychological ~30.0. RSI 4h ~66 (mildly bullish); volume spiked on recent upswings but follow-through is not strong enough — breakout needs continued volume. On-chain & tokenomics: Chainlink is reported to have whale accumulation and large trades recently, while the token has completed large vesting periods (no scheduled unlocks), resulting in lower emission pressure compared to many other tokens.

Strategy

  • Entry (breakout): buy probe when 4h closes > 26.89 with rising volume (confirm breakout).

  • Entry (dip): accumulate in parts when pullback to 23.29–24.5 occurs and rejection candle + increased volume appears.

  • Stop-loss (mandatory): 22.80 (below support 23.29).

  • TP1: 30.0; TP2: 34–36 if momentum and market breadth support.

  • Exit triggers: large CEX inflows, coordinated whale selling, negative news about partnerships/regulatory, or failure to hold 23.29.