Chainlink (LINK) Price Analysis: Testing $18 Resistance Level Following $17.3T Milestone
TLDR
Chainlink has surpassed Visa’s metrics by processing over $17.3 trillion in total transaction value. The platform’s native token, LINK, is currently trading at $18, reflecting growing market confidence. Recent data shows a 10.31% increase in LINK’s value over the past 30 days, with a trading volume of $1 billion in the last 24 hours. Technical indicators suggest a bullish momentum for LINK, with the Parabolic SAR indicator displaying a bullish signal and the MACD indicator indicating strong buying pressure. Exchange reserves have decreased, indicating reduced selling pressure. Chainlink’s partnership with WLFI Protocol demonstrates growing institutional adoption. Support and resistance levels have been identified, and the LINK/BTC trading pair also shows strength. Chainlink’s circulating supply is 626 million LINK tokens, with a total supply cap of 1 billion LINK. The achievement of processing $17.3 trillion in total transaction value highlights Chainlink’s growth and importance in the blockchain ecosystem.
