Chainlink’s native token, LINK, has surged 40% in the past seven days, climbing to nearly $24 and marking its strongest performance since early 2024. The rally follows a wave of bullish sentiment and increased on-chain activity.
Data from Santiment shows Chainlink is experiencing its highest bullishness since February 1, with the number of active LINK addresses hitting an eight-month high. Whale transactions have also reached a seven-month peak, signaling growing interest from both retail investors and large holders.
Partnership news is further driving momentum. Chainlink recently collaborated with the Intercontinental Exchange (ICE) to bring foreign exchange and precious metals market data on-chain. This integration strengthens Chainlink’s role as a bridge between blockchain and traditional finance, boosting the real-world utility of LINK.
Technically, LINK’s price action looks favorable. Analysts say maintaining levels above $24 could open the path toward $30. The Relative Strength Index (RSI) is in the mid-60s, suggesting the asset still has room to climb before becoming overbought.
Despite the rally, LINK remains about 55% below its all-time high of $52.88 set in May 2021. If current trends persist, analysts believe LINK could make a push toward those previous highs, offering renewed opportunities for investors.
You might also like: SEC Drops Ripple Lawsuit After Five Years, Shifts Focus to Crypto Regulations
