Despite a recent price drop of 3.21% in 24 hours, Chainlink (LINK) has maintained a positive market sentiment, thanks to several developments that have boosted investor confidence. One such development is Coinbase Derivatives' filing to list LINK-regulated futures contracts with the CFTC, which has generated significant optimism. Additionally, speculation around LINK ETFs has also contributed to the positive market sentiment, with some predicting higher price targets for the altcoin.

According to Chainlink Red Pill, the road to a LINK ETF is being paved, which could lead to increased adoption and higher prices. Popular crypto analyst Swing Tony has also predicted that LINK could reach $67 or even $135, depending on Bitcoin's price movement. These predictions have further fueled the positive market sentiment surrounding LINK.

A closer look at LINK's fundamentals reveals a decline in the exchange supply ratio, indicating that holders are moving assets to external wallets, a sign of confidence in the coin's future value. The Aroon Up line and Average Directional Index (ADX) also suggest a strong uptrend, with the ADX indicating sustained momentum. Furthermore, exchange inflows have decreased over the past week, indicating high accumulation rates and reduced selling pressure.

If the positive market sentiment continues, LINK's price could break out to the next resistance level of $14.52, with a potential challenge to the $15.26 level. However, if the market corrects, LINK's price could decline to the critical support level of $13.54, with a further decline potentially pushing it to the local support level of $12.72.

In conclusion, Chainlink's price resilience can be attributed to the positive market sentiment, driven by developments such as Coinbase's filing and speculation around LINK ETFs. With fundamentals also indicating a strong uptrend, LINK's price could potentially break out to new heights. However, investors should always exercise caution and conduct thorough research before making any investment decisions.