Chainlink Extends Rally as Open Interest Surges With Strong Buyer Demand

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 increase in liquidity underscores growing market engagement, aligning with the recovery visible on the intraday chart.

With the token pushing back into the mid-teens, the next test lies in holding this reclaimed momentum as the asset approaches broader resistance zones.

Indicators Strengthen as MACD and CMF Align With Bullish Bias

On the daily chart, LINK trades around $14.53, up 7.9%, posting one of its most substantial green candles in weeks. The MACD shows meaningful improvement: the MACD line has lifted to -0.60, curling toward the signal line at -0.87, while the histogram has flipped positive at 0.27. This reflects a clear reduction in bearish pressure and early signs of a momentum shift.

Source: TradingView

The Chaikin Money Flow (CMF) has also climbed sharply, now near -0.01 after spending an extended period in deeper negative territory. The improvement indicates easing outflows and returning capital inflow, consistent with the rising volume seen across spot markets. While CMF has not yet moved firmly above zero, its upward trajectory supports the price recovery structure and suggests strengthening market participation.

Key focus now rests on maintaining support above $14–$15, as holding this zone would create the foundation for a potential continuation into $17–$18, with the major resistance ceiling at $19.53 still defining the broader trend boundary.