Chainlink (LINK) remains in a consolidation phase, with its bullish triangle structure still intact as traders monitor key support and resistance levels. Meanwhile, the network has expanded its data infrastructure through TWAP Data Streams on Polymarket’s short-term crypto markets.
As of now, according to CoinMarketCap data, LINK is trading at $8.28, with a decline of 0.48% in the past 24 hours. Its 24-hour trading volume stands at $141.89 million, while its market capitalization is $6.19 billion.
LINK Holds $4.96 Support as Bullish Triangle Develops
According to the data from MCO Global, LINK remains trapped in a slow consolidation phase, with its bullish triangle still intact. The setup depends on price holding above the key $4.96 support, which continues to provide a foundation for the broader recovery structure ahead.
The analysis shows that LINK must overcome a major resistance zone between $11.84 and $20.63 before a stronger bullish move can begin. Meanwhile, the token could continue trading sideways within the developing triangle formation as buyers and sellers remain in balance.
LINK could see greater upside potential if buyers push the price firmly above $20.63. However, losing the $4.96 support would weaken the pattern and raise concerns that the current consolidation could turn more bearish.
Chainlink TWAP Data Streams Go Live on Polymarket’s Crypto Markets
Chainlink announced that it has launched its TWAP Data Streams on Polymarket, bringing time-weighted average pricing to the platform’s 5-minute and 15-minute crypto markets. The integration aims to provide more consistent pricing data for traders.
Polymarket has recorded more than $9 billion in trading volume to date, highlighting the scale of activity on its prediction markets. With Chainlink’s TWAP technology now powering selected crypto markets, users can access time-weighted price data that may help reduce the impact of short-term price spikes and sudden market fluctuations.
The integration marks another use case for Chainlink’s data infrastructure within prediction markets. By using TWAP pricing, Polymarket’s 5-minute and 15-minute crypto contracts can rely on a broader price calculation over time, potentially providing traders with a more stable reference for short-duration market outcomes.
