Chainlink (LINK) is targeting a price of $23.80 following new partnerships with Streamex, Arc, Virtune, and Circle, indicating increased institutional adoption. These collaborations involve integrating Chainlink's CCIP and data feeds into various blockchain and financial infrastructure projects. Technically, LINK needs to close above $19.67 to aim for the $23.80 target, with support levels at $17.68 and $15.07. Derivatives data reflects bullish sentiment, highlighted by a long-short ratio of 1.06, marking the highest level in a month.