The post Chainlink rebounds – Could $18 be LINK’s next stop? Assessing… appeared on BitcoinEthereumNews.com.

Key Takeaways LINK rebounded from support amid rising derivatives volume, strong long interest, and whale activity. While bullish signals grow, uneven on-chain data may limit momentum toward $18 resistance. Chainlink [LINK] has rebounded from the lower boundary of its parallel channel as taker demand and long positions surge across derivatives markets, suggesting renewed investor confidence.  At press time, the price traded around $13.50, just above the $12.50 support level, which has historically triggered upward momentum. This rebound aligns with a long-term ascending structure dating back to mid-2023.  If momentum holds and buying interest persists, a retest of the $18 mid-channel resistance appears plausible in the near term. Source: X/Ali Will spot market strength drive LINK beyond resistance? The Spot Taker CVD over the past 90 days continues to show a dominant buy-side presence. This trend implies that aggressive buyers are stepping in during consolidation phases.  As long as LINK sustains above $12.50 with rising taker demand, short-term sentiment may remain in the bulls’ favor.  The current accumulation suggests strong hands are preparing for an upward breakout, making spot behavior a critical indicator to monitor for the next move. Source: CryptoQuant Is Chainlink’s network activity hinting at a stronger base? On-chain Address Activity presents a mixed but slightly optimistic picture. Active Addresses increased by 6.42%, reflecting growing network engagement, while new addresses declined by 2%.  Zero-Balance Addresses surged 11.68%, which could indicate renewed wallet movement or repositioning of funds.  Despite the modest growth, the consistency in active participation supports the narrative of a maturing and sustained user base rather than short-lived speculative activity. Source: IntoTheBlock Besides, transaction counts remain heavily skewed toward micro and large-scale transfers. While $1M–$10M transactions spiked by 81.82%, most mid-range brackets declined, including a 13.09% drop in $1K–$10K and a 23.64% dip in $10K–$100K volumes.  This disparity…

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Filed under: News - @ July 10, 2025 11:22 pm