LINK Price Could Surge 20% Driven by Technical Patterns & Growing Adoption

The LINK price is poised for a significant move, with analysts anticipating a potential 20% surge fueled by both technical indicators and increased adoption across the Chainlink ecosystem. Data indicates a strong rally since May 6th as macroeconomic conditions eased. With its market valuation exceeding $11.39 billion, LINK has risen nearly 70% from its lowest point this year. Open interest in LINK reached an all-time high of $768.65 million on May 14th, indicating increased trader participation and potential price volatility.