Chainlink Price Jumps Amid Record Holder Growth

Chainlink's price surged by 8.2% to $9.47 due to increased market interest, with daily spot volume rising 115% and derivatives turnover increasing 140%. The number of LINK holders reached a record high of 3.96 million, while active addresses more than doubled. Analyst Michaël van de Poppe advises caution, suggesting entry points below $9.20 or $8.60, with resistance near $10.87 and a target around $11.

The price faces key resistance levels, and futures open interest growth shows increased leverage and liquidity, but also higher liquidation risk. Market watchers will focus on Bitcoin's movement and LINK's ability to break resistance for the next directional move.