Chainlink stood out as broader crypto flows turned negative and development activity kept it among the market leaders. Between March 5 and 6, capital fled many major tokens as traders turned cautious — Bitcoin, Ethereum, XRP and Solana all saw aggressive outflows. LINK, however, bucked the trend and continued to attract money, marking a clear divergence from the market-wide selloff. Why Chainlink stayed in focus - Development activity: Over the past 30 days Chainlink ranked third in on-chain development activity, behind MetaMask USD and Hedera, according to Santiment — a sign that real building, not just noise, was driving interest. Source: Santiment - Inflows during the selloff: On March 5 LINK recorded inflows of $1.93 million and added another $935.31k on March 6, even as the broader market experienced heavy outflows. That contrast made the token’s resilience hard to ignore. Source: SoSoValue Technical picture Chainlink’s price structure reinforced the narrative. LINK formed an ascending triangle, with flat resistance around $9.17 and rising support near $8.30, suggesting mounting pressure beneath a clear ceiling. Momentum indicators showed tentative improvement — RSI suggested bearish pressure was easing and the MACD was turning slightly positive — but bulls hadn’t yet secured full control. Source: TradingView What to watch - If LINK holds the $8.30 ascending support, the bullish case remains intact; losing that level would weaken the setup significantly. - A decisive break above $9.17 would strengthen the argument that inflows and strong development activity are starting to translate into price action. Takeaway Chainlink’s combination of continued inflows and top-tier development activity set it apart during a period when many assets were losing investor demand. The technical setup points to potential upside, but confirmation will require a sustained break of resistance or a firm defense of key support. Disclaimer: AMBCrypto's content is informational and not investment advice. Trading cryptocurrencies is high-risk — do your own research before making decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news

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