Chainlink Strengthens at $21, Eyes Higher Gains
Chainlink’s price has stabilized at $21, backed by several technical signals. This support level aligns with key indicators like the 0.618 Fibonacci retracement, Bollinger Bands, and value area high.
The market structure looks promising, featuring higher highs and higher lows.Whales are accumulating, and reserves have hit over 280,000 LINK, a new record. These factors fuel optimism about potential gains toward $29.
- Strong $21 support from various technical signals
- Rising market structure with higher highs and lows
- Record Chainlink reserves exceed 280,000 LINK
Bullish volume boost and whale interest reinforce the possibility of LINK hitting $26 or $30. market confidence grows as traders eye $29 as the immediate target.
On-chain data shows unflagging interest. The surge in reserves suggests that holders believe in Chainlink’s future, enhancing positive price trends.
If Chainlink stays above $21, the path to $29 seems clear. However, buyers should watch for signs of weakness below this critical level.
