Chainlink adoption, outflows and rising MVRV suggest potential pennant breakout above $25.2

Chainlink is showing clear breakout potential: 1,963 new addresses, $4.5M exchange outflows and a bullish pennant flag suggest LINK could challenge resistance at $25.2–$27.8 if on-chain demand and momentum continue to align over the coming ￰0￱ spike: 1,963 new addresses on Oct 1 signals growing on-chain demand Exchange outflows of $4.5M point to accumulation by stronger hands Technical setup: bullish pennant targets $25.2 breakout and possible extension to $27.8 Chainlink breakout evidence: rising adoption, $4.5M outflows, bullish pennant—monitor $25.2 ￰1￱ quick analysis and trade-ready ￰2￱ is driving Chainlink’s breakout potential? Chainlink breakout signals come from converging on-chain and technical indicators: a one-day addition of 1,963 new addresses, meaningful exchange outflows and a bullish pennant in price ￰3￱ factors together reduce immediate sell pressure and increase the odds of a continuation rally if momentum ￰4￱ are exchange flows and MVRV affecting LINK?

Exchange flows show $4.5 million in outflows on Oct 3, indicating transfers from exchanges to private wallets and potential accumulation. A rising MVRV Z-score further confirms improving holder profitability and lower likelihood of mass liquidation. Combined, the outflows and climbing MVRV create a firmer base for a move higher and suggest supply is tightening while holder conviction improves. , Is the bullish pennant flag pointing toward a breakout? LINK is consolidating in a bullish pennant between approximately $20.9 and $23.1.

This pattern typically precedes continuation moves when confirmed by volume and on-chain ￰5￱ price breaks above $23.1 with follow-through, the next key resistance sits at $25.2, with an extension target near $27.8. Failure to clear resistance could keep LINK rangebound for a period.) with rising volume and follow-through to first resistance at $25.2. Key Takeaways Adoption: 1,963 new addresses show renewed on-chain interest and demand. Accumulation: $4.5M outflows point to accumulation and reduced selling pressure.

Technical: Bullish pennant targets $25.2 breakout; extension possible to $27.8 if momentum ￰6￱ Chainlink demonstrates a constructive mix of on-chain adoption, accumulation signals and a bullish technical pattern that together increase the probability of a meaningful ￰7￱ should confirm a close above $23.1 with volume before assuming further targets; monitor exchange flows and MVRV for continued evidence of strengthening fundamentals.