Chainlink is experiencing its strongest quarterly performance since Q1 2021, with an 82.5% increase since July 1, currently trading at $24.50. The token faces a crucial resistance at $25.30, a monthly close above which would be its highest since October 2021. The performance is supported by a long-term cup-and-handle pattern on the monthly chart and the recent bullish position above key moving averages. Market analysts have set a potential long-term target of $125 for LINK. On-chain data shows that LINK's supply on exchanges has dropped to the lowest level since June 2022, indicating reduced sell pressure. Institutional adoption of real-world asset tokenization and Chainlink's dominance in the oracle market further support the upward price movement. Chainlink is involved in a pilot with UBS and DigiFT in Hong Kong aimed at automating tokenized fund operations, indicating its critical role in bridging traditional finance and blockchain. With increased staked tokens and momentum in RWA tokenization, a $100 price for LINK appears plausible.

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