Chainlink (LINK) rises as real-world use and investor interest grow
Chainlink’s price went up to around $14.57 on Tuesday after bouncing back from a recent low. The price started to recover after Chainlink was used in a real-world financial project. It helped with a transaction between Hong Kong’s digital currency and an Australian dollar stablecoin. This shows that Chainlink’s technology is being used more in real finance.
At the same time, more traders are becoming hopeful about LINK. Data shows that bullish bets—trades that expect the price to go up—are at their highest in over a month. This growing confidence has pushed the price higher.
Just last week, LINK dropped to a low near $12.59 but quickly bounced back. It has now gained about 11.4% since then. Some technical indicators like RSI and MACD are also turning positive, which often signals further strength.
If LINK keeps this momentum, it could try to break past the $16.19 level seen in May. If that happens, the next possible target is around $18.81. But if buying slows down, the price might fall back toward the $12.59 support area.
Impact: Because of growing real-world use and positive market sentiment, LINK might rise further. But if interest fades, it could return to support near $12.60.