Chainlink Price Breaks Above $8 as Holder Count Hits New Record

Chainlink (LINK) is showing signs of renewed bullish momentum, according to recent data. The cryptocurrency's price has increased by 1.92% over the last 24 hours, reaching a trading value of $8.85 with a market capitalization of $6.62 billion.

The growing number of LINK holders, now at a record high of 3.96 million worldwide, suggests continued network participation and long-term interest in the cryptocurrency. Despite remaining around 83.4% below its May 2021 all-time high of $53, this growth highlights the resilience of investor interest in LINK.

However, traders remain cautious around key resistance levels, with a decisive breakout potentially confirming a broader recovery while rejection could lead to another corrective move.