Chainlink is experiencing its strongest quarterly performance since Q1 2021, with an increase of 82.5% since July. Currently priced at $24.50, LINK is facing a resistance level at $25.30, which, if broken, would indicate its highest price since October 2021. The formation of a robust cup-and-handle pattern over 45 months suggests a long-term price target nearing $125. Short-term price targets have been identified, including $47.15 and $88.26. With onchain data revealing a decline in LINK available on exchanges, market analysts speculate a reduced sell pressure, bolstering a bullish outlook. Moreover, institutional adoption of real-world asset (RWA) tokenization and Chainlink's dominance in the blockchain oracle market is contributing to the viability of a $100 LINK price. Chainlink's partnership with UBS and DigiFT in Hong Kong emphasizes its growing infrastructure role within traditional finance. The network secures a considerable amount of Ethereum’s value and has facilitated over $25 trillion in transactions, which marks an accelerated adoption trend.

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