[Coin World] Chainlink (LINK) rebounded by 11% to $19.25, bouncing back from the support level of $16. Technical indicators and on-chain data indicate a new bullish momentum. The random RSI indicator has moved away from the oversold area, while outflows from exchanges have decreased, leading to an exchange supply ratio of 0.151, indicating reduced selling pressure. The whales' accumulation near recent lows suggests growing interest from institutional investors, but LINK must close above the resistance level of $24 to confirm a sustained upward trend.