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- LINK price rises nearly 14% with volume increasing over 270% in 24 hours.
- Technical indicators RSI and MACD confirm strong bullish momentum.
- Open Interest growth signals growing market confidence toward $36 target.
Chainlink (LINK) is showing strong momentum after a notable 13.92% price increase in the past 24 hours, currently trading around $19. The cryptocurrency’s trading volume skyrocketed by 277.06% to $1.35 billion, signaling renewed investor interest and market activity.
Strong Price Momentum and Bullish Projections
Over the last week, LINK has climbed 13.37%, maintaining a positive upward trajectory. Crypto analysts, including Bitcoinsensus, suggest Chainlink is entering a new bullish cycle. Historical data reveals a pattern of higher lows followed by sharp price surges in 2023 and 2024. If this trend continues, Chainlink could soon target a high of $36, marking a significant increase from current levels. This predicted breakout has investors closely watching the token’s performance, hopeful for further gains.
$Chainlink Ready to Surge Again? 🚀
— Bitcoinsensus (@Bitcoinsensus) August 7, 2025
Repeating a Familiar Cycle?
We're seeing the hallmarks of a new bullish phase for Chainlink ($LINK). Historically, a higher low (HL) coupled with a breakout has signaled explosive rallies, as observed in both 2023 and 2024.
What's Next?
Our… pic.twitter.com/I7SFkrThnM
Technical Indicators Support Uptrend
Key technical indicators confirm the positive market sentiment. The Relative Strength Index (RSI) stands at 62.13, indicating moderate bullish momentum without the token being overbought yet, suggesting room for price growth. The Moving Average Convergence Divergence (MACD) also supports this trend, with the MACD line at 0.419 above the signal line at 0.385, accompanied by a green MACD histogram — all pointing to sustained upward price movement.
Also Read: Chainlink Launches LINK Reserve to Drive Real-World Token Demand and Boost Utility
Open Interest and Market Confidence Climb
According to CoinGlass data, trading volume surged by 242.45% to $2.60 billion, while Open Interest (OI) increased 27.07% to $1.05 billion. The OI-weighted funding rate of 0.0093% signals a bullish market, showing strong trader confidence in LINK’s continued rise.
Chainlink’s recent price gains, volume spikes, and positive technical indicators suggest it is positioned for a potential breakout to $36. Investors monitoring LINK should note the strong market momentum and growing confidence, making the cryptocurrency a compelling prospect in the current bullish environment.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
