Chainlink (LINK) is experiencing a strong surge in trading activity, surging over 120% in volume and currently trading at around $24.73 after breaking through resistance levels. The broader crypto market is down with Bitcoin (BTC) and Ethereum (ETH) both declining. Despite this bearish start to the day, Chainlink has shown a significant uptick of 1.38% over the last 24 hours. The asset reached an intraday high of $26.22 before settling at the current price of $24.73. 7. Chainlink’s daily trading volume has exploded to over $2.97 billion, highlighting its increased liquidity and interest. This activity is accompanied by a notable liquidation of $8.59 million worth of LINK as reported by Coinglass. Trading indicators are mixed with MACD signaling bullish momentum, while CMF suggests slight bullishness. 7. The price chart depicts an active upward trend with potential for further gains testing the resistance levels near $24.79. If it overcomes this hurdle, the asset could see even higher targets. 7 However, if Chainlink fails to sustain the current momentum, a pullback could occur, potentially bringing the price down towards $24.61 or lower.