#OnChainLendingSurgre

The good and the bad of Chainlink's recent performance

Technical analysis: Ascending wedge pattern

Implications for cryptocurrency funding rates and liquidity

Future predictions: Are we just getting started?

Summary

Chainlink (LINK) has been generating a buzz lately, with a surge of over 10% in just one day and catching the attention of many in the crypto space. Some even predict a rise to as much as $18. As this network of decentralized oracles breaks through some key resistance levels, I thought it would be interesting to explore what is happening with LINK and whether this increase is here to stay or just a passing phenomenon.

The good and the bad of Chainlink's recent performance

In the last 24 hours, the price of LINK rose to $15.18, raising its market capitalization to about $9.51 billion. It's an impressive increase of over 11% in one day! But before we get too excited, it's worth noting that there are some conflicting signals..