Recently, the cryptocurrency market has been experiencing continuous fluctuations, and Chainlink (LINK) is no exception. Although LINK has seen a 4% fall over the past month, the latest technical analysis and on-chain data show some positive signals, attracting market attention.

Analysts have noticed a triangle flag pattern appearing on the LINK price chart, which is often seen as a potential precursor to a breakout. Currently, the key breakout point is set around $25.20, and if this level is broken, it may initiate a new round of upward movement.

It is worth noting that on October 1, the Chainlink network experienced significant growth, with the number of new addresses reaching 1,963 in a single day, demonstrating continued user interest in the project. Meanwhile, large holders (commonly known as "whales") actively bought in during the recent price pullback, accumulating approximately 800,000 LINK tokens, a behavior often interpreted as confidence in the long-term value of the asset.

Currently, LINK's trading price is fluctuating between 20.9 and 23.1 dollars. The improvement of multiple on-chain indicators has further enhanced market optimism. Analysts believe that if the current positive momentum can be sustained, LINK is likely to challenge the important resistance level of 25 dollars, and if it breaks through, it may even aim for a target price of 27.80 dollars.

However, investors should also keep in mind that the inherent high volatility of the cryptocurrency market means that price trends can change at any time. Thorough research and risk assessment are essential before making any investment decisions. As Chainlink continues to play a key role in the decentralized oracle space, both its long-term development prospects and short-term price performance will be worth the market's continued attention.