Chainlink Price Soars on Technical Patterns, Institutional Adoption

Chainlink (LINK) is experiencing a surge in price, driven by both technical signals and growing institutional interest. Technical indicators, including an inverse head-and-shoulders pattern, suggest potential for a price leap to $47 if current support holds. This bullish momentum follows Chainlink’s recent performance within an ascending channel, with price bouncing off the lower boundary of this pattern. Experts attribute this strength to strong institutional adoption and a growing DeFi ecosystem.