Chainlink: Supply Leaving, Institutions Entering – What Happens at $9.80

Key Takeaways

• LINK at $9.20, RSI 61.58.
• 19M LINK quarterly unlock hit exchanges on April 2 – 14.37M to Binance.
• Exchange reserve declined from 141M to 136.9M since April 2 .
• Swift concluded tokenized bond trials with European banks using Chainlink.
• Grayscale GLNK and Bitwise CLNK ETFs recording net inflows.
• Exchange reserve staying below 137M while price approaches $9.80 is the key condition to watch.

Chainlink is trading at $9.20 on April 15, up 1% on the day and $1 above its March 28 low of $8.20. The 50 SMA at $9.09 is rising and now $0.11 below price, the average that capped every rally attempt through late March is now acting as support. The RSI at 61.58 with the signal line trailing at 52.11 shows a 9.47-point gap, momentum is building, not normalizing. Price is not overbought. It has room before the level that matters.

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