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Chainlink’s LINK token is battling key support near $21 as derivatives activity surges to $2 billion. The pressure comes alongside major institutional validation from Europe’s first regulated tokenized securities platform 21X, which relies on Chainlink’s infrastructure.
- LINK futures volume surged 51% to $2 billion, with open interest rising to $1.5 billion, reflecting intense speculative activity.
- 21X, Europe’s first regulated tokenized securities platform, relies on Chainlink for blockchain interoperability and data feeds.
- Key support levels are at $22.10, $20.55, and $19, with resistance near $24 and $26 if bullish momentum returns.
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