Will LINK Hit $47? New Addresses Indicate Potential for Bullish Surge

Chainlink is experiencing significant growth, adding over 1,900 new addresses in a single day. This surge suggests increasing network adoption and potential long-term price strength. Though daily transaction volumes have cooled down, the fundamentals indicate accumulation. Exchange outflows of $10 million to $20 million continue suggesting bullish sentiment as LINK consolidates near $22.59.