BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Chainlink (LINK) Price Eyes 20% Rally as Bullish Signals Align with Surging Adoption
Chainlink (LINK) Price Eyes 20% Rally as Bullish Signals Align with Surging Adoption
6
3
Chainlink LINK News -
Chainlink’s LINK token is positioned for a potential 20% breakout as bullish technical patterns coincide with accelerating ecosystem adoption. The altcoin traded at $17.27 on May 14, marking a 6% daily gain and extending a rally that began May 6. LINK has surged nearly 70% from its 2024 low, reaching an $11.39 billion market valuation.
Open interest data shows growing trader conviction, with derivatives positions rising to $768.65 million—the highest level since March 11. This 92% increase in speculative activity often precedes significant price movements. The weighted funding rate remains positive, indicating sustained demand for long positions.
By:
Previous
WisdomTree Expands ETF Offerings in Korea Through Strategic Collaboration
Next
US Blocks Global Use of Huawei AI Chips in Brutal Crackdown: Nvidia Stock Set to Soar
