$LINK

Chainlink (LINK) Analysis Today

Chainlink's current price is $22.4, with a market cap of $15.86 billion. In the last 24 hours, LINK has seen a -6.23% decrease ¹.

Key Highlights

- *Price Movement*: LINK has experienced a 50% drop from its all-time high of $20, approaching key support levels around $8.50.

- *Market Sentiment*: The community is *bullish* about Chainlink (LINK) today.

- *Recent News*: Chainlink announced a partnership with ICE Markets to bring high-quality forex and precious metals data on-chain, accelerating mainstream adoption of on-chain finance.

Technical Analysis Points

- *Support & Resistance Levels*: Key resistance is at $22.05, with potential for a rally if LINK closes above this level.

- *Indicators*: RSI is at *66*, indicating strong bullish momentum.

- *Open Interest*: Chainlink's open interest rose to $1.21 billion, nearing its all-time high ² ³.