Chainlink's price action is gaining attention in the crypto sector as it stabilizes around $15.70, with buyers remaining active.
The cryptocurrency reclaimed the $16 price zone after heightened weekly exchange outflows of $11.27 million, indicating a reduced selling pressure.
Chainlink's development activity has surged by 50% more than Ethereum, with innovations like the Cross-Chain Interoperability Protocol contributing to the bullish trend.
The altcoin is targeting a Golden Pocket of $23, with the possibility of reaching new short-term highs if support at $15.50 is maintained.