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>>Chainlink's price is gaining strength as its reserves increase and a partnership with Jovay Network comes closer to completion.

Chainlink's price is gaining strength as its reserves increase and a partnership with Jovay Network comes closer to completion.

crypthub

1 day ago

Chainlink's Current Performance

Chainlink (LINK) is showing positive momentum, currently trading near $22.5 with a substantial market capitalization and volume. Rising open interest and derivatives volume suggest continuation of this upward trend if the current support level holds. Funding rates remain modestly positive, indicating a bullish bias.

Reserve and Network Growth

The Chainlink Reserve has significantly increased its LINK holdings, demonstrating protocol revenue accumulation. Jovay Network’s adoption of Chainlink CCIP and Data Streams highlights the growing utility of Chainlink’s services. These integrations simplify interoperability and provide secure market data for developers.

Technical Analysis and Key Levels

Chainlink has reclaimed the $22 level, and a move above $23-$23.2 could open the path to $25.60, validating a bullish continuation. Support levels to watch include $21.50-$21.90, and a deeper check of $20.70-$20.00 would be significant. Holding above $22 favors buy-the-dip flows.