Chainlink (LINK) has seen a 7% price increase on May 24, despite a downturn in the wider cryptocurrency market. Currently priced at $17.04, LINK has seen a 30% increase in May. On-chain metrics reveal a positive sentiment for LINK price, with the ratio of profitable transactions to loss-making ones standing at 11 to 1. Activity on the Chainlink network has been increasing since mid-May, indicating a higher demand and value for LINK. Data shows that the LINK price bounced off a support line at $13 on May 15, rising 36% to a six-week high at $17.50 on May 24. Traders expect more upside for LINK price, with some predicting it will surpass the $50 mark during this bull run.