Chainlink (LINK) is consolidating around $15.29, maintaining its position above a critical $13 Fibonacci support level. Analysts indicate that a breakout above $17.65 could trigger bullish momentum, with potential price targets at $22.47, $26, and $47.
Institutional adoption has been a significant driver for Chainlink, with partnerships involving SBI Digital Markets, UBS Asset Management, and Apex Group. These collaborations have propelled Chainlink's Total Value Secured (TVS) to $89 billion, securing 68% of the oracle market share on Ethereum.
Chainlink (LINK) Holds Support at $13, Eyes Targets of $26 and $47
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