{"id":12465,"date":"2025-10-03T08:30:27","date_gmt":"2025-10-03T08:30:27","guid":{"rendered":"https:\/\/bitunikey.com\/news\/chainlink-price-eyes-24-resistance-as-new-wallets-increase\/"},"modified":"2025-10-03T08:30:39","modified_gmt":"2025-10-03T08:30:39","slug":"chainlink-price-eyes-24-resistance-as-new-wallets-increase","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/chainlink-price-eyes-24-resistance-as-new-wallets-increase\/","title":{"rendered":"Chainlink price eyes $24 resistance as new wallets increase"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Chainlink is trading near $22.52 as new wallets expand and fresh institutional adoption builds momentum, placing focus on the key $24 resistance level.<\/p>\n<div id=\"cn-block-summary-block_e6d11976fc270d4908b48fbca2c05c66\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Chainlink price hovers at $22.52, with $24 as key resistance.<\/li>\n<li>Nearly 2,000 new wallets were added on Oct. 1, boosting adoption.<\/li>\n<li>Technicals show support near $22, with risk of a dip to $20.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Chainlink is trading at $22.52, down 0.9% in the past 24 hours within a weekly range of $20.06\u2013$23.00. The token has dropped 10% in the past week and 4% in the past month, though daily trading volume has risen to $963 million, up 6.1% from the day before. This suggests more market activity is returning even as the price holds below resistance.<\/p>\n<p>Derivatives <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/LINK\" target=\"_blank\" rel=\"nofollow\">data<\/a> from CoinGlass shows Chainlink (LINK) trading volume at $1.6 billion, down 3.2%, while open interest fell 2.9% to $1.32 billion. This points to fewer leveraged bets, which can ease sharp swings in price. At the same time, adoption on the network is climbing.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Growing network activity<\/h2>\n<p>On-chain activity shows signs of strength. Data from Oct. 1, shared by analyst Ali Martinez, revealed that 1,963 new wallets were added to the Chainlink network in a single day, showing expansion in user adoption. <\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Chainlink <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$LINK<\/a> added 1,963 new addresses on October 1, signaling strong network expansion! <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/wa46kVQoAT\">pic.twitter.com\/wa46kVQoAT<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/ali_charts\/status\/1973967495833760202?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 3, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>At the same time, institutional engagement is rising. Chainlink\u2019s reserve, funded by enterprise fees, now holds more than 415,000 LINK, growing by over 46,000 tokens in a single day.<\/p>\n<p>In addition, at the Sibos 2025 conference, Chainlink secured a major win at the Swift Hackathon and launched DataLink, a tool that lets firms such as Deutsche B\u00f6rse bring real-time market data on-chain. With exchange balances at six-year lows, these updates point to a tightening supply backdrop that could support higher prices.<\/p>\n<h2 class=\"wp-block-heading\">Chainlink price technical analysis<\/h2>\n<p>LINK is currently trading just below the resistance level of $24. The relative strength index at 49.6 indicates balanced momentum, while the majority of indicators are neutral. Short-term averages around $22 offer support, while the MACD indicates a slight upward bias.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Chainlink daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>Before a breakout, medium-term averages serve as barriers, such as the SMA30 at $22.7 and the SMA50 at $23.3. The overall trend is maintained by the significantly lower longer-term moving averages.<\/p>\n<p>If LINK pushes above $24, Stronger inflows and adoption could lead to the next targets of $27 to $30. However, the price might drop back to the $20 range if it is unable to maintain support at $22. The market is at a crossroads right now, with fundamentals pointing upward and short-term momentum still cautious.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink is trading near $22.52 as new wallets expand and fresh institutional adoption builds momentum, placing focus on the key $24 resistance level. Summary Chainlink price hovers at $22.52, with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12465"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12465\/revisions"}],"predecessor-version":[{"id":12467,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12465\/revisions\/12467"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12466"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}