Chainlink Surges 3.4% to $15.32 as Investor Confidence Returns

Chainlink’s recent surge above the $15 mark has reignited bullish momentum, setting the stage for a potential rally toward $20. Despite a minor dip of 0.34% in the last 24 hours, the overall structure remains intact, with LINK trading at $15.32 at the time of reporting. This bullish push is driven by sustained accumulation pressure and on-chain revival, indicating a return of investor confidence. The price action is trending within an ascending channel, suggesting higher targets if momentum persists across market layers.

The Spot and Futures Taker Cumulative Volume Delta (90-day) both showed clear signs of Taker Buy Dominance. This means traders are aggressively hitting market buys, suggesting that demand is overpowering supply at the execution level. The synchronized pressure across spot and derivatives markets adds strong confirmation that LINK’s surge is backed by genuine investor conviction.

Chainlink’s on-chain metrics confirmed a broader resurgence in investor engagement. Active Addresses spiked 53.79% over the past week, while New Addresses rose by 9.21%. Even dormant accounts joined the fray, with Zero Balance Addresses jumping by a massive 90.93%. This collective rise in participation points to renewed network confidence, often seen during accumulation phases. As more wallets interact with LINK, the odds of strong community-driven demand increase, lending further credibility to the rally above $15.

On Binance, the Long/Short (Accounts) ratio reached 2.45, with 71.03% of LINKUSDT accounts positioned long. This long bias reflects broader market conviction rather than isolated whale activity. While overly crowded long positions can lead to shakeouts, in this case, the bias appears to align well with on-chain trends and address growth, reinforcing bullish continuation potential.

Chainlink’s Liquidation Heatmap revealed dense liquidation clusters between $15.50 and $16.00. If LINK punches through, we could see a cascade of short liquidations—amplifying the rally via forced buybacks. However, it’s a double-edged zone. Failure to flip this region could trigger sell pressure and cool down the rally. For now, bulls have the upper hand as price hovers just under this liquidation cluster.

Chainlink’s breakout above the $15 resistance appears to be more than just a short-term move. Strong taker buy volume, rising network activity, and a heavily long-biased derivatives market all reinforce the bullish case. If buyers maintain control and manage to flip the $15.5–$16.0 liquidation zone into support, LINK could see accelerated gains. The convergence of on-chain and market sentiment signals growing confidence in a potential rally toward the $20 level.