Wallets that accumulated $LINK around $11–$12 are in no rush to unload volumes.
The current picture:
• The September impulse ran into dense resistance $15.00–$15.75, triggering a local pullback-sideways consolidation to the level $14.30–$14.40.
• In futures, open interest holds around $840M+, while the derivatives volume is many times higher than spot — the market is overheated by its shoulders, and the market maker is clearly waiting for a reason to offload extra passengers before moving upward.
• Fundamental driver: the launch of Chainlink Fulcrum and test circuits with Swift and DTCC. Institutions are testing the RWA settlement infrastructure, but purchases from the market are being staged in doses so as not to spike the order book.
Key marker: holding the 20-day EMA ($13.25). As long as the level holds, the structure remains bullish. A break above $15.00 with a confirmed daily close will be the trigger for a move toward $18–$22.
DYOR / NFA
#LINK
The current picture:
• The September impulse ran into dense resistance $15.00–$15.75, triggering a local pullback-sideways consolidation to the level $14.30–$14.40.
• In futures, open interest holds around $840M+, while the derivatives volume is many times higher than spot — the market is overheated by its shoulders, and the market maker is clearly waiting for a reason to offload extra passengers before moving upward.
• Fundamental driver: the launch of Chainlink Fulcrum and test circuits with Swift and DTCC. Institutions are testing the RWA settlement infrastructure, but purchases from the market are being staged in doses so as not to spike the order book.
Key marker: holding the 20-day EMA ($13.25). As long as the level holds, the structure remains bullish. A break above $15.00 with a confirmed daily close will be the trigger for a move toward $18–$22.
DYOR / NFA
#LINK
