Overview
- LINK hovers near $11.81 and remains below its 50- and 100-day moving averages as short‑term momentum weakens.
- Derivatives activity jumped more than 200% to about $843 million in futures volume while open interest dipped 2% to $530 million, indicating rotation or closures.
- Santiment reports a 30‑day MVRV of -9.5%, a level that historically correlates with reduced selling pressure.
- Chainlink continues to secure over $47 billion and more than 70% of the oracle market, supported by 24/5 U.S. equities data streams with sub‑second pricing.
- Recent integrations include a Base‑to‑Solana bridge via CCIP, Ondo tokenizing over 100 equities, and CBDC settlement pilots between Brazil and Hong Kong, as technicals flag tight Bollinger Bands and an RSI below neutral with $11.80–$12.00 as near‑term support.