Crypto
Chainlink Price Soars as Institutional Buying Hits Record Highs
Chainlink (LINK) has seen significant institutional buying in recent days, with spot ETFs absorbing an additional $6.3 million worth of LINK over the past week.
This brings the total amount held by these products to around $227 million, roughly 2.2% of the current supply.
The price of LINK has been fluctuating within a descending channel on its 1-hour chart, with the latest candle sitting near the lower part of the structure at $13.969.
A break above the upper edge of this channel, specifically at $15.000, could confirm a breakout from the whole corrective structure and potentially lead to further price increases.