Chainlink (LINK) is trading at $8.32, up 1.47% in 24 hours, with a market cap of $6.23 billion. The token is consolidating within a bullish triangle, defending the key $4.96 support level. A sustained breakout above $11.84 resistance could open the path toward $20.63, according to MCO Global. Meanwhile, Chainlink has launched Time-Weighted Average Price (TWAP) Data Streams on Polymarket for 5- and 15-minute crypto markets, enhancing pricing reliability. Polymarket has surpassed $9 billion in trading volume. The integration aims to provide accurate benchmarks during volatility.
According to CoinMarketCap, Chainlink (LINK) is trading at $8.32 with a 24-hour volume of $163.23 million and a market cap of $6.23 billion, after gaining 1.47% in the past day. The token is consolidating within a bullish triangle, with buyers defending the key $4.96 support level as selling pressure eases.
Data from MCO Global indicates that LINK price structure and network growth point to a bullish reversal. A sustained breakout above the $11.84 resistance area could strengthen the bullish outlook and open the path toward $20.63, though the token may continue consolidating until that resistance is broken.
In a separate development, Chainlink has rolled out Time-Weighted Average Price (TWAP) Data Streams for Polymarket‘s 5- and 15-minute crypto markets. As stated by Chainlink, the objective is to offer accurate pricing benchmarks during periods of volatility by minimizing the impact of price surges when settling market outcomes.
“JUST LAUNCHED: Chainlink TWAP Data Streams are now live powering @Polymarket’s 5 & 15-min crypto markets. With $9B+ in trading volume to date, Chainlink-powered Polymarkets now leverage time-weighted average pricing for an enhanced user experience.” Polymarket’s trading volume has exceeded $9 billion, indicating high demand for short-term crypto prediction markets.
The LINK price’s next steps will depend on how well it defends support at $4.96 and whether it can move past resistance at $11.84. A breakout would add strength to bulls, while successful defense of resistance would lead to continued consolidation.
