CandleFocus Time to Buy LINK? Chainlink Open Interest Soars to All-Time High
2024-12-12
Author: Content Editor
Chainlink (LINK) has experienced a notable price surge in the past 24 hours, driven by significant purchases made by whales and institutions. Trump's World Liberty Financial acquired a significant amount of LINK tokens, while another whale invested a substantial amount of ETH to acquire LINK tokens. This has led to a record jump in price and future open interest (OI). LINK's price has reached its highest level in the past two years, and its future OI has reached an all-time high of $770.27 million. Currently trading around $28.23, LINK has seen a surge of over 18.5% in the past 24 hours. With strong resistance near $29, there is potential for LINK to break through this level and surge by 80% to reach its all-time high of $52.50. However, traders should be aware of the possibility of a price correction during the rally.
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