- ChainLink Network was used by high -level tradfi institutions to allow the tokenization of active active people.
- Link Price has already confirmed an upward escape following an impressive performance last week.
ChainLink (Link) Price has cooled in relation to the Haussier feeling last week. After having recorded a rally of more than 25% last week, the link price dropped by 3% to exchange approximately $ 17.04 on Wednesday, May 14, during the American negotiation session in the middle of the North.
Following the sudden market correction, the large capitalization Altcoin, with an entirely diluted evaluation of around $ 17 billion and an average volume of 24 hours out of approximately $ 627 million, recorded forced liquidation of more than $ 1.4 million.
The chair network prosperous with institutional investors
The Chainlink network has developed considerably in a recent past, catalyzed by institutional investors. In particular, the interests open to Link (OI) increased from $ 424 million on April 9, 2025 to more than $ 727 million when writing this.
Among the most recent notable adoptions on chain links by institutional investors, there was Kinexys by JPMorgan, who carried out a successful transaction in collaboration with Ondo Finance.
“The demonstrated transversal solution testifies to what can be achieved thanks to a strong collaboration through various segments of the web 3 ecosystem, and we are delighted to have worked with Ondo and Chainlink to give life to this as the first transaction on Ondo Chain Testnet, Nells Zaltsman, head of the platform for settlement solutions of the platform at JP Morgan’s Kinexys noted.
What is the following for the link price?
According to the analysis of data from the intotheblock market, Link Price recorded a correlation of 0.93 out of 1 with the price of Bitcoin, in the last 30 days. With the price of bitcoin about to enter the discovery of short -term prices, the price of the link is well positioned to retest its level of all time above $ 50 in the short term.
Within four hours, Link Price has established a symmetrical croissant channel and currently retests the upper border. In the event that the price of the link systematically closes above the upper border of the canal, a rally to the next range of liquidity between 19 and $ 26 will be inevitable.
