Chainlink Surges Past $19, Bullish Momentum Confirmed

Chainlink (LINK) has experienced a notable surge this morning, breaking past the $19 mark and gaining over 10% from its previous close of $17.29. This impressive advance follows a consolidation phase that saw traders accumulate positions ahead of renewed bullish signals. The breakout is supported by several factors, including strong technical indicators like the RSI exceeding 70 on the 4-hour chart and a decisive crossover in the MACD. Volume inflows also strengthened the move, suggesting institutional backing rather than speculative buying.