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Chainlink demand rises with potential 10% price jump as trading volume surges and reserves drop.

Technical Signals
24 Mar 2026
AMBCrypto
View Source
Bullish
pluang ai news

Chainlink (LINK) is seeing increased investor demand despite a mostly stable price, with trading volume up over 65% to $952.83 million. Exchange reserves have dropped by 2.046 million LINK tokens in the past month, signaling accumulation by holders and bullish sentiment. The price is trading within an ascending channel and recently formed a bullish engulfing candle at the lower boundary, suggesting a potential 10% price increase toward $10.08. If this resistance is broken, LINK could rally further to $11.20, supported by a Relative Strength Index above 50 indicating growing buying interest.

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