Chainlink Price Analysis: Institutional Adoption Drives Bullish Sentiment

The Chainlink network has been increasingly adopted by major financial institutions, facilitating the tokenization of real-world assets. This recent surge in adoption has fueled a bullish price rally for LINK. However, after a strong week of gains, the LINK price experienced a correction, dropping over 3% to trade around $17.04 on Wednesday, May 14. This correction resulted in forced liquidations exceeding $1.4 million.