Chainlink (LINK) saw its open interest surge by approximately 25% in the last 24 hours, reaching around $650.7 million. LINK price broke above $14 and is currently trading near $13.96, after breaking above the 200-day moving average around $9.50 in August. This advance features a string of higher highs and higher lows, indicating a solid bullish structure. While the RSI remains below overbought levels, suggesting additional upside potential, the rapid growth in open interest also raises liquidation risks in case of a reversal.
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