Chainlink Price Surges 94% in Three Months to $13.64

Chainlink's (LINK) price surged to $13.64 on September 7, marking its highest value since January and a whopping 94% gain since late June. The rally is driven by increased network adoption, with $34 trillion in transactions facilitated and total value secured rising to $40 billion.

Institutional partnerships and rising derivatives activity are also supporting the bullish momentum, including an open interest of $784 million. Technical indicators suggest that if LINK sustains gains above $13.50, it could reach $15.83 or even $22.

However, selling pressure and ETF demand remain cautious factors to consider.