The post Chainlink Extends Rally as Open Interest Surges With Strong Buyer Demand appeared on BitcoinEthereumNews.com.

Chainlink price continues its upward momentum, rising sharply toward the $14.40–$14.50 region after a strong intraday reversal that erased the late-week downturn. The market structure has shifted firmly bullish on lower timeframes, supported by sustained leverage inflows, renewed spot activity, and improving technical conditions that indicate strengthening buyer conviction. Open Interest Climbs to Multi-Week Highs On the 1-hour chart, LINK shows a decisive breakout following its deep pullback toward the $11.50–$12.00 zone earlier this week. After bottoming near December 2, buyers stepped in aggressively, driving a continuous series of higher highs and higher lows. This impulsive rally lifted the token back above $14, marking one of the steepest recoveries in recent sessions. Source: Open Interest Open interest (OI) confirms the shift in momentum. Aggregated OI has risen steadily from the 220M region to 267.6M, showing a consistent expansion of long positioning as price climbed. This synchronized increase in both price and OI indicates fresh capital entering the market rather than short covering. The trend reflects renewed confidence among market participants, with leveraged buyers supporting the move instead of reacting to liquidations. The strong alignment between price strength and rising OI places the asset firmly in bullish short-term territory, provided the market maintains positions above the $14 support band. Data Shows LINK Up 12.33% as Volume Surpasses $873M BraveNewCoin lists LINK at $13.55, up 12.33% in the past 24 hours, marking one of the strongest performances among large-cap altcoins. Market capitalization stands at $9.44B, while reported volume has exceeded $873M, signaling broad participation from both traders and spot buyers. The price rebound follows a successful defense of the $12–$13 demand area, where the token historically attracts accumulation. The recent surge suggests a shift away from the slower consolidation that characterized the past week, with buyers now controlling short-term direction. The sustained…

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Filed under: News - @ December 3, 2025 10:26 pm