Chainlink Price Tests Key Resistance Zone Amid Rebounding Network Activity

The Chainlink (LINK) price is currently testing a critical resistance zone between $8.50 and $8.52, after reclaiming support near $8.30.

Glassnode data shows active addresses and transfer activity rebounding, indicating improving network participation.

Traders are watching for a breakout towards $9.50, with the broader tokenization narrative supporting long-term interest in Chainlink.

The market is focused on the current resistance level of $8.52, with a daily close above this level and stronger volume potentially making $9.50 the next target.