Chainlink (LINK) has been showing signs of a potential breakout as its price hovers around $12. Data reveals a growing open interest in the cryptocurrency, hinting at a possible surge in trading activity.
Investors are closely watching the $12 price level, as a breakout above this point could indicate a bullish trend for Chainlink. With open interest on the rise, there is growing anticipation for a potential uptrend in the near future.
While the cryptocurrency market can be unpredictable, the data suggests that Chainlink may be gearing up for a significant move. Traders and investors are advised to keep a close eye on the $12 price level to see if a breakout is imminent.
Overall, the increasing open interest in Chainlink points towards a potential surge in trading activity, which could lead to a price breakout in the near future. It will be interesting to see how the market responds to these developments in the coming days.