Chainlink LINK Surges as Open Interest Hits Multi-Week Highs Amid Strong Buyer Conviction
Chainlink (LINK) continues its upward trajectory, buoyed by a surge in open interest and robust buyer demand. The token's market structure has turned decisively bullish on lower timeframes, with leverage inflows and renewed spot activity driving momentum.
Open interest has climbed to multi-week highs, reflecting sustained long positioning rather than short covering. LINK's price action shows a clear breakout from the $11.50–$12.00 support zone, with the token now trading above $14. The alignment between price strength and rising open interest underscores growing market confidence.
Data from BraveNewCoin shows LINK up 12.33% in the past 24 hours, with trading volume exceeding $873 million. The recovery from December lows marks one of the steepest rallies in recent sessions, signaling strong buyer conviction.
