Chainlink Extends Rally as Open Interest Surges With Strong Buyer Demand
Brave New Coin
Chainlink (LINK) is rallying, supported by surging open interest and strong buyer demand, indicating renewed bullish conviction.Summary
Chainlink (LINK) has experienced a decisive rally on lower timeframes, breaking out after finding support near the $11.50–$12.00 zone, pushing the token above $14. This upward movement is strongly confirmed by a surge in Open Interest (OI), which climbed from 220M to 267.6M, signaling fresh capital inflow rather than mere short covering. On the daily chart, LINK is trading around $14.53, up significantly, with technical indicators like the MACD showing a positive momentum shift and the Chaikin Money Flow (CMF) indicating easing outflows. The market structure is firmly bullish, provided LINK can maintain support above the $14–$15 band to potentially target resistance zones near $17–$18.
(Source：Brave New Coin)