Chainlink (LINK) is currently trading at $20.17, showing signs of an accumulation phase with a 0.62% uptick. Key metrics indicate a 5.42% increase in open interest, rising active addresses, and a 0.11% drop in exchange reserves, suggesting growing market participation and potential supply squeeze.Technical analysis reveals a descending wedge pattern, with $23.92 as a critical resistance level. The market is witnessing robust activity, with institutional interest increasing, while LINK's price appears to be moving independently of broader market trends.