LINK Price Hits New High, Breakout Pattern Forms Amidst Rising Volume

Chainlink (LINK) experienced a notable surge of 3.6% to reach $22.01 in the last 24 hours, fueled by substantial trading volume and rising market capitalization. The token’s price is currently supported above the $21.07 support level, while resistance sits at the $22.58 mark, forming a breakout pattern on the weekly chart. Trading volume surged to $1.61 billion, a 18.84% increase from yesterday’s levels, aligning with this upward momentum.