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 <li>Chainlink’s price mirrors Ethereum's past movements, suggesting potential for a $90 breakthrough.</li>  
 <li>LINK’s Futures Open Interest surged, signaling growing confidence and market interest.</li>  
 <li>Whale and institutional buying pressure support LINK’s upward momentum, hinting at further price growth.</li> 
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<p><a href="https://cryptonewsland.com/chainlink-link-completes-bullish-smart-nav-test-with-dtcc-and-10-us-banking-giants-to-accelerate-fund-tokenization/" rel="noopener noreferrer nofollow">Chainlink (LINK)</a> has sparked interest as its price movements seem to mirror Ethereum's (ETH) past trends. Traders are starting to wonder: Could LINK follow Ethereum’s path and hit new highs? With a similar price structure forming, some believe LINK may be poised for growth. Can LINK break through the $90 mark?</p>  
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<h2 class="wp-block-heading" id="h-link-and-eth-a-familiar-pattern">LINK and ETH: A Familiar Pattern</h2>  
<p>From 2018 to 2024, LINK’s price followed a pattern similar to Ethereum’s. <a href="https://coinmarketcap.com/currencies/chainlink/" rel="noopener noreferrer nofollow">LINK</a> had three major peaks and dips, with the latest surge reaching $52. After this peak, LINK dropped sharply before entering a steady recovery phase. This closely resembles Ethereum's price movement, especially after its significant dip and strong recovery post-2020. Ethereum soared to $4800, showing that a similar trajectory for LINK could push the price to $90.</p>  
<h2 class="wp-block-heading" id="h-market-forces-driving-link-s-price">Market Forces Driving LINK’s Price</h2>  
<p><a href="https://cryptonewsland.com/chainlink-link-breakout-on-the-horizon-expert-insights/" rel="noopener noreferrer nofollow">LINK’s price movements</a> are not just technical but also driven by strong market sentiment. LINK’s Futures Open Interest (OI) recently hit a record $770.27 million, outpacing competitors like Toncoin (TON) and Tron (TRX). This surge signals growing confidence among traders in LINK’s future. Whale activity is also a key factor.</p>  
<p>On decentralized exchanges (DEX), buying pressure for LINK has risen, surpassing selling. Whales and <a href="https://www.investopedia.com/terms/i/institutionalinvestor.asp" rel="noopener noreferrer nofollow">institutional investors</a> are clearly accumulating, which could signal further price growth. If this trend continues, LINK’s value could climb even higher. Chainlink’s price action, paired with increasing market interest, points to a promising future.</p>  
<p>With more traders and institutional buyers showing confidence, breaking the $90 barrier seems possible. However, LINK will need to keep up momentum to reach that milestone. Time will tell whether LINK can follow Ethereum’s path and soar to new heights.</p>   
<p>The post <a href="https://cryptonewsland.com/chainlink-mimics-eths-price-action/" rel="noopener noreferrer nofollow">Chainlink Mimics ETH’s Price Action: Can LINK Break the $90 Barrier?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Chainlink Mimics ETH’s Price Action: Can LINK Break the $90 Barrier?

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