Chainlink's price has shown signs of recovery, aiming to return to the $12 level after a 4.20% rise in the last 24 hours. This rebound follows a recent drop below $10. If key indicators continue to improve, LINK could sustain its climb. Rising Open Interest (OI) supports Chainlink's upswing, indicating growing liquidity and interest in the cryptocurrency. The increase in large transactions since September 5 suggests growing demand and may help sustain the current price increase. Currently trading at $10.74, LINK may be forming a V-shaped recovery pattern. The Relative Strength Index (RSI) nearing the neutral line could confirm a bullish outlook, potentially driving LINK towards $12.34. However, caution is advised as resistance at $10.75 could lead to a retracement. This analysis serves for informational purposes only, and readers are advised to conduct their own research before making financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news