Chainlink (LINK) has recently drawn attention from analysts and traders, showing signs of a sharp rise.
Technical Breakout and Predictions
Chainlink (LINK) has broken out of a long-term consolidation pattern, confirmed by recent analyses. The asset is currently trading at $16.31, marking a 4.15% daily gain. Technical projections indicate a potential move of 130% towards $30.79 in the coming weeks. Just three days earlier, on July 11, LINK was priced at $15.38 with an even stronger forecast of a 217% rally toward $48.20 if the breakout holds.
Open Interest Nears $1 Billion
According to the latest data from CoinGlass, LINK futures open interest is sharply rising and nearing $1 billion. This information is corroborated by charts showing an upward price trend for LINK. Market analysts noted that similar rises in open interest usually precede significant market volatility. Investors are showing confidence in LINK's short-term performance.
Chainlink's Partnership with GLEIF and Swift
Chainlink has announced a partnership with GLEIF and Swift to launch the vLEI Hackathon. The event aims to promote the use of compliant digital assets by integrating verifiable Legal Entity Identifiers onchain. Hackathon finalists will present their solutions at SmartCon in New York City on November 3, 2025.
Overall, the Chainlink breakout, rising open interest, and new partnerships suggest strengthened asset stability for LINK, making it an attractive subject for analysis and monitoring.
