Chainlink (LINK) has broken through its 21-day moving average for the first time since summer 2025, signaling a potential shift in the altcoin market. The cryptocurrency saw significant inflows of $8.54 million, marking it as the top performer among major tokens. This price action, with LINK trading around $12.90 and a market cap of $7.5 billion, suggests a possible recovery that could influence other altcoins.
Nansen data highlights that Chainlink led in capital inflows, with a 6.02% price increase, reflecting strong investor interest. Other altcoins like PEPE and ONDO also saw notable inflows, though outcomes varied. Chainlink's development activity ranks it among the top AI and Big Data projects, with 211.03 points, indicating robust progress in its Oracle network. This development, alongside capital inflows, suggests a potential altcoin sector resurgence, though market volatility remains a concern.
Chainlink Breaks 21-Day MA with $8.54M Inflows, Signaling Altcoin Shift
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