Chainlink $LINK has shattered a multi-year downtrend, igniting a powerful rally that has pushed its price up by an impressive 190% since the breakout. Bullish patterns suggest the token is now eyeing a key target of $55.39, driving significant attention from traders and investors.

Adding to the momentum, open interest in LINK has surged to $908.7 million, indicating growing participation in the market. However, technical indicators are flashing caution. The Relative Strength Index (RSI) is currently at 61.70, nearing the overbought zone, which suggests that a potential price correction could be on the horizon.

While the bullish sentiment remains strong, traders should keep an eye on key resistance levels and be prepared for possible pullbacks as LINK consolidates its gains.

#MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M #CryptoManMab