Chainlink breaks $15 – 4 factors backing LINK’s push to $20

Key Points

1. Chainlink's breakout above $15 is supported by strong taker buy volume, rising address activity, and a 71% long bias in derivatives markets.

2. Active Addresses increased by 53.79% and New Addresses rose by 9.21% over the past week, indicating renewed investor interest.

3. The Long/Short (Accounts) ratio on Binance reached 2.45, reflecting strong market conviction rather than isolated whale activity.

4. Liquidation clusters between $15.5–$16 could act as a launchpad for further gains if breached, potentially accelerating the rally toward $20.

5. Despite a minor 24-hour dip of -0.34%, LINK's overall structure remains intact, trading at $15.32, signaling returning investor confidence.