LINK’s rise today isn’t just another green candle.
$LINK is up more than 11% over the past 24 hours, breaking above the 13.7$ area, which had been an important resistance in September. At the same time, Open Interest rose by about 25%, while funding rates remained close to normal levels.
But there’s something more important than price.
Over the past two days, news has emerged about the expanding use of Chainlink within traditional finance infrastructure:
Infosys announced a partnership to use Chainlink tools in its banking services, while Paxos launched a new gold-backed asset that uses CCIP for cross-network transfers.
And this is where LINK’s move becomes interesting:
The market has started testing the idea that Chainlink isn’t just a DeFi project… but a layer connecting traditional finance and the blockchain.
However, that doesn’t mean the price will keep climbing without interruption.
After a gain of more than 10% in a single day, the most important question becomes:
Can LINK turn a breakout above 13.7$ into support, or will traders start taking profits?
Sometimes the most important thing about a breakout isn’t the moment it happens…
but what happens next.
$LINK is up more than 11% over the past 24 hours, breaking above the 13.7$ area, which had been an important resistance in September. At the same time, Open Interest rose by about 25%, while funding rates remained close to normal levels.
But there’s something more important than price.
Over the past two days, news has emerged about the expanding use of Chainlink within traditional finance infrastructure:
Infosys announced a partnership to use Chainlink tools in its banking services, while Paxos launched a new gold-backed asset that uses CCIP for cross-network transfers.
And this is where LINK’s move becomes interesting:
The market has started testing the idea that Chainlink isn’t just a DeFi project… but a layer connecting traditional finance and the blockchain.
However, that doesn’t mean the price will keep climbing without interruption.
After a gain of more than 10% in a single day, the most important question becomes:
Can LINK turn a breakout above 13.7$ into support, or will traders start taking profits?
Sometimes the most important thing about a breakout isn’t the moment it happens…
but what happens next.