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Chainlink (LINK) Price: Trading Volume Surges 40% as Token Rebounds from $12.50 Support

  • Chainlink rebounded from $12.50 support level as buy-side demand and long positions surged across derivatives markets.
  • Trading volume jumped 40.49% to $1.18 billion while Open Interest climbed 11.60% to $738.51 million.
  • 68.32% of traders hold long positions with a Long/Short Ratio of 2.16, indicating strong bullish sentiment.
  • Active addresses increased 6.42%, new addresses declined 2%, and large transactions spiked 81.82%, showing mixed on-chain signals.

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