Chainlink (LINK) is exhibiting bullish momentum, maintaining its position above crucial exponential moving averages (EMAs), with the 50 EMA at $22.12 and the 100 EMA at $22.36. The open interest in LINK derivatives has climbed to over $1.3 billion, indicating strong trader engagement. Despite this, exchange outflows, including a $8.95 million net outflow on October 3, suggest cautious market sentiment. Technical analysis identifies resistance levels at $23.28, $24.49, and $25.29, with a potential target of $26.00 if bullish trends persist. Conversely, support is noted at $22.12 and $21.83, with a breach below these levels potentially leading to a decline towards $20.37.