- The on-chain data analysis shows the general demand for the whale investors of the whale has gradually increased over the past week.
- Link price describes a high btc price touch in the last 30 days, amidst the bullish emotion.
Chainlink (link) price fights Bearish's short-term sentiment after a wonderful bullish breakout was recorded in April 2025.
However, the gradual rebound of Link's Futures Open Interest (OI) up to $ 583 million at the time of this writing, indicates the rerun of a strong bullish emotion.
Strong foundation for the chainlink network
The chainlink network has grown significantly in the last year strengthened by the main adoption of institutional investors. As Coinpedia reports, the Chainlink Network report is more than a dozen integration of its products. Additionally, the chainlink ecosystem offers reliable on-chain Oracle data to enable the measured development of web3 protocols.
For example, for example, Aave's Gho has grown more than 530 percent from the adoption of the Chainlink's cross-chain token standard of over $ 210 million.
Meanwhile, an on-chain data analysis from the Intoteblock shows that the chainlink network has recorded a $ 348.15 billion advancing in large volume of transaction over the last 30 days.
MIDTERM expectations for Link Price
In the four -hour hours, the price of the chainlink forms a pattern of bullish continuity, characterized by a falling wedge in a rising market. At the time of this writing, the price of the link did not confirm a bullish breakout from the rising wedge, but the pressure mounted indicating an imminent breakout.
In addition, the link price recorded a 0.9 of 1 price ties with Bitcoin in the last 30 days. As a result, a Pare -Same near above $ 14 in the coming days will push a rally towards the next target of nearly $ 19 in the coming weeks.
