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Chainlink Price Forecast: LINK edges higher despite lagging retail and institutional demand
Chainlink (LINK) is trading above $12.50 at the time of writing on Monday, mirroring subtle but positive sentiment in the broader cryptocurrency market. The oracle token is supported by solid short-term technical signals, reinforcing the bullish outlook. However, investors should temper expectations for an extended breakout, considering that both retail and institutional interest in LINK are lagging. The Chainlink derivatives market has remained under pressure since the October 10 flash crash, with futures Open Interest (OI) averaging $511 million as of Sunday. CoinGlass data shows that OI, which represents the ... (full story)
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