As Chainlink approaches the resistance level of 14.10 USD, the coin is experiencing bullish momentum, supported by a V-shaped recovery pattern.
Recent data shows a rise in derivatives volume and open interest, indicating a strong speculative appetite among traders, predominantly from retail participants.
If LINK surpasses the 14.10 USD threshold, it may trigger a market squeeze, propelling the price towards 16.00 USD, contingent on maintaining bullish sentiment.
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