Chainlink price has defied a bearish pattern that would have resulted in a catastrophic drop to around $5.00. As whale activity increased, the asset rose 9.5% in the last 24 hours. Similarly, traders have turned bullish on the asset and are purchasing it, anticipating more upside.
Consequently, $1.22 billion worth of LINK is currently at the money. A further rally of 21% could push $1.35B worth of investors into profit, boosting overall market sentiment.
