Chainlink executed one other buyback of 127.74K $LINK for $1.12M and moved the tokens into its reserve pockets, lifting complete holdings to five.48M $LINK valued at $48.5M with a mean acquisition worth of $11.14. The transfer arrives as LINK trades at $8.97 on the 4h chart inside a bullish development construction supported by EMA50 at $8.56 and EMA200 at $8.27, whereas MACD registers a golden cross at 0.12 and worth assessments the higher Bollinger Band resistance at $8.96 with RSI at 68.04 nonetheless impartial. Senior desks be aware that sustained stress towards the higher band typically precedes a measured pullback towards the 50-EMA help earlier than any continuation larger, a setup that would form near-term LINK worth prediction fashions. Over the previous 12 months reserve accumulation has coincided with regular institutional inflows into oracle infrastructure, tightening accessible provide and reinforcing the present macro-technical narrative.
