The native token of Chainlink, LINK, has experienced a 5% price surge in the past 24 hours and is currently trading at $11.76. The altcoin has shown signs of bullish momentum, suggesting a potential double-digit rally in the near future. The negative netflows of LINK tokens on exchanges indicate that holders are moving their assets off exchanges, a bullish signal as it reduces the token's availability for short-term trading. Additionally, large investors or whale addresses have increased their holdings of LINK, further supporting the bullish outlook. The altcoin is currently trading near resistance at $13.73, with a successful breakout potentially leading to a target of $15.47. However, if demand weakens, LINK may trend downward to retest support at $11.24 or even fall further to $9.98.



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