Chainlink Sees a Surge in New Wallets as LINK Tests Resistance

Chainlink’s token price has surged to new highs, with over 2,995 new wallets created on August 18th. This growth aligns with LINK’s rally towards $25-26 resistance, which could signal a potential breakout toward $40-50 if confirmed. Experts are closely watching for this as it’s been linked to historical price movements. Notably, the surge in new wallets coincides with LINK’s price reaching $25.79, and suggests increased user engagement across the network, often seen as a leading indicator for price strength.