Chainlink (LINK) is demonstrating the potential for a 20% price increase following a bullish pattern breakout. The cryptocurrency’s Long/Short ratio of 1.031 signals a bullish market sentiment, while a positive OI-weighted funding rate of 0.0087% further supports the optimistic outlook.
The key price levels to monitor are $13.10, which serves as a breakout confirmation point, and $15, a potential target. However, it’s notable that trading volume has declined by 25%, indicating reduced trader participation at present.
