- The chain price failed to cross a crucial level of resistance greater than $ 15 in the recent recovery of light cryptography.
- The chain adoption rate has gradually increased in recent months, perhaps strengthening a possible bullish feeling.
The wider Altcoin market, including ChainLink (Link), experienced a low bullish feeling on Monday because the Bitcoin (BTC) price was rejected again above $ 95,000. More than 113,000 crypto traders were liquidated more than $ 267 million, mainly involving long traders.
Consequently, the market for the raising of heating cryptography slightly cooled, in the middle of the planned optimistic feeling. The total interest of the open crypto (OI) had dropped by around 1% in the last 24 hours to oscillate around 119 billion dollars on Monday during the American session in the middle of the north.
What’s following for the price of the chain
Since October 2023, the chain’s price has reported a bullish feeling, after constantly closing the resistance range between $ 8.3 and $ 9.5 and converting it later to a robust level of support.
However, the high capitalization Altcoin, with an entirely diluted assessment of around $ 14.7 billion and an average negotiation volume of around $ 420 million, recently revised the level of support of around $ 10. The price of the bond having formed lower hollows and the lower high YTD, the fears of a new capitulation are palpable.
From the point of view of technical analysis, the price of the link has already violated the daily trend of the logarithmic, indicating that the bulls have regained control. In addition, the daily MacD line was crossed over the zero line last week, for the first time since February 2025. In addition, the daily relative force index (RSI) has pumped above 50% in the past few days, for the first time since February.
According to Crypto Ali Martinez analyst, the price of the link is well prepared for a change of momentum, with a potential pump greater than $ 18 soon.
The growing ecosystem promotes bullish feeling
The ChainLink network has become a robust ecosystem reinforced by an increase in adoption by institutional investors. In recent weeks, the ChainLink network has announced 18 integrations through its services. Some of the recent recent interactions of the recent chain network include Apechain, Avalanche, Base, BNB chain, Celo, Ethereum, Gnosis, Hemi, Lisk, Megaeth, Metal L2, Mint, Monad, Optimism, Polygon, Ronin, Soneium, Souperseed and Zora.
On Monday, ChainLink Network welcomed Kamino Finance, a high-level loan deficiency platform on the Solana ecosystem (soil) with more than $ 2 billion of total locked value (TVL).
Consequently, organic bond demand will continue to increase exponentially and eventually trigger parabolic growth in the coming months.
