- Chainlink price failed to break an important resistance level above $ 15 in recent mild crypto recovery.
- The chainlink adoption rate has gradually grown in recent months, perhaps boosting possible bullish emotions.
The broader Altcoin market, including the chainlink (link), experienced low bullish sentiment on Monday, as the price of Bitcoin (BTC) declined again above $ 95K. More than 113k crypto traders are liquid at more than $ 267 million, most of which are involving long traders.
As a result, the warmth of the crypto leveraged market is slightly cooled, amid the expected bullish feelings. The total interest of the Crypto Open (OI) dropped by around 1 percent in the past 24 hours to hover nearly $ 119 billion on Monday, in the mid-north American session.
What's next for chainlink price
Since October 2023, the chainlink price has signed a bullish emotion, after continuing to close above the resistance range between $ 8.3 and $ 9.5 and subsequently convert it to a stable support level.
However, the big Altcoin cap, with a fully melted appreciation of nearly $ 14.7 billion and a 24 -hour average trading volume of nearly $ 420 million, recently revised the support level around $ 10. By losing prices for the lower lows and lower YTD highs, the fear of further capitulation could be pale.
From a technical analysis perspective, the price of the link violates the sun -the -day fall of the logarithmic trend, the bull's signing is regulated. Moreover, the sun -the -day MacD line crossed above the zero line last week, for the first time since February 2025. In addition, the day -to -day -relatives Index index (RSI) has been pumped above 50 percent level in previous days, for the first time since February.
According to Crypto analyst Ali Martinez, the link price is well primed for a momentum shift, with a potential pump above $ 18 as soon as possible.
Growing ecosystem favors bullish feelings
The chainlink network has grown in a stable ecosystem that is strengthened by the increase in adoption of institutional investors. In recent weeks, the Chainlink Network has announced 18 integration with its services. Some of the well -known contacts with the chainlink network include apechain, avalanche, base, BNB chain, Celo, Ethereum, Gnosis chain, hemi, lisk, megaeth, metal L2, Mint, Monad, Optimism, Polygon, Ronin, Soneium, Superseed, and Zora.
On Monday, the Chainlink Network was accepted Finance of KaminoA top-tier lending defi platform on Solana (SOL) ecosystem with over $ 2 billion in total amount locked (TVL).
As a result, organic demand for the link will continue to increase dramatically, and will eventually develop parabolic growth in the coming months.
