Chainlink (LINK) price action favors bulls, as BTC rejects the $95k level and 113k traders get liquidated

The wider altcoin market, including Chainlink (LINK), experienced low bullish sentiment on Monday, as Bitcoin (BTC) price got rejected

The wider altcoin market, including Chainlink (LINK), experienced low bullish sentiment on Monday, as Bitcoin (BTC) price got rejected again above $95k. More than 113k crypto traders were liquidated over $267 million, mostly involving long traders.

As a result, the heating up crypto leveraged market slightly cooled down, amid anticipated bullish sentiment. The total crypto Open Interest (OI) had dropped around 1 percent in the past 24 hours to hover about $119 billion on Monday, during the mid-North American session.

What Next for Chainlink Price

Since October 2023, Chainlink price has signaled bullish sentiment, after consistently closing above the resistance range between $8.3 and $9.5 and subsequently converting it to a robust support level.

However, the large-cap altcoin, with a fully diluted valuation of about $14.7 billion and a 24-hour average trading volume of about $420 million, recently revisited the support level of around $10. With LINK price having formed lower lows and lower highs YTD, fears of further capitulation are palpable.

From a technical analysis standpoint, LINK price has already breached the daily falling logarithmic trend, signaling the bulls have regained control. Furthermore, the daily MACD line crossed above the zero line in the past week, for the first time since February 2025. Additionally, the daily Relative Strength Index (RSI) pumped above the 50 percent level in the past few days, for the first time since February.

The SuperTrend indicator has flashed a buy signal on the #Chainlink $LINK daily chart, signaling a potential shift in momentum. pic.twitter.com/kqayzn9Nd0

According to crypto analyst Ali Martinez, LINK price is well primed for a momentum shift, with a potential pump above $18 soon.

Growing Ecosystem Favors Bullish Sentiment

The Chainlink network has grown into a robust ecosystem bolstered by rising adoption by institutional investors. In the past few weeks, the Chainlink network announced 18 integrations across its services. Some of the notable recent Chainlink network interactions include with ApeChain, Avalanche, Base, BNB Chain, Celo, Ethereum, Gnosis Chain, Hemi, Lisk, MegaETH, Metal L2, Mint, Monad, Optimism, Polygon, Ronin, Soneium, Superseed, and Zora.

.@KaminoFinance, the largest DeFi lending protocol on Solana with $2B+ TVL, has officially integrated Chainlink Data Streams for low-latency market data.https://t.co/o1AKAoOHUyPowered by elite pull-based oracle infrastructure, Data Streams enhances the performance,… pic.twitter.com/y5RERrMJHV

On Monday, Chainlink network welcomed Kamino Finance, a top-tier lending DeFi platform on the Solana (SOL) ecosystem with over $2 billion in total value locked (TVL).

Consequently, the organic demand for LINK will continue to rise exponentially, and eventually trigger parabolic growth in the coming months.