Chainlink (LINK) Retests Breakout as Open Interest Climbs 5.86%
- —LINK bounced from $12.11 to $12.70 and trades near its 20-period moving average
- —Open interest rose 5.86% to $679.84 million as trading volume fell 31.95%
- —Analyst Investor Jordan called the level a "line in the sand" with a $15 target
- —Paxos Labs launched gold-backed token PAXGy using Chainlink CCIP and price feeds
Why it matters: Holding $12.11 keeps the path to $15 open, while a break below would return LINK to its prior range.
Source: Blockonomi