Puffer
Bitcoin
ZKsync
NEAR Protocol
Walrus
Pearl
Ondo
Amid the broader crypto market correction today, Chainlink price is up 2.3%, eyeing a potential breakout past $25. A strong LINK ecosystem growth and whale accumulation have supported this strong price rally. With the strong demand for Chainlink data streams and utility in RWAs, market analysts are hopeful of a strong upside ahead.
Chainlink Price Rally Continues Amid Crypto Market Correction
With 4% weekly and 38% monthly gains, the Chainlink price rally shows no signs of cooling down despite today’s broader crypto market correction. Furthermore, the daily LINK trading volume has surged by a staggering 109% to more than $3.0 billion, showing bullish trader sentiment.
Crypto analyst Income Sharks suggested that the community heavily favors the Chainlink price, potentially even more than Bitcoin. The analyst noted that LINK technical chart looks strong and aligns with a broader market scenario where Ethereum (ETH) reaches a new all-time high, declining Bitcoin dominance, etc.
Another popular crypto analyst, Altcoin Sherpa, stated that the LINK price could surge to $30, before it sees the next pullback. However, he said he wouldn’t recommend opening a long position here.
Chainlink Price Eyes Rally to $146
The Chainlink price technical chart shows a probable breakout ahead, which could set the stage for another 5x gains from here. Crypto analyst Hizzim commented on the recent buzz surrounding Chainlink (LINK), noting its strong relative performance. The analyst emphasized that LINK is currently “playing catch-up” to other long-standing cryptocurrencies.
The analyst said that this presents an attractive opportunity for traders who have been on the sidelines. Hizzim added that their high-timeframe target for LINK is approximately $146.
On the other hand, the Chainlink whale activity has risen over the past week. Whales scooped more than 2 million LINK coins last week, reducing the overall exchange supply. This could provide an upward thrust to the Chainlink price, triggering a major rally. Speaking on the development, blockchain analytics firm Santiment reported:
Eyeing A Big Share of The RWA Market
Chainlink has launched a major upgrade focused on Real-World Assets (RWAs) by introducing Data Streams for U.S. equities and ETFs. The new feature aims to deliver key infrastructure for tokenization, including real-time, tamper-proof pricing, coverage across 37 blockchains, and institutional-grade rails for global liquidity.
Industry observers note that trusted pricing and oracle solutions are critical for scaling RWA tokenization. This positions Chainlink’s update as a significant step toward enabling institutional adoption in decentralized finance.
Popular analyst Zach Rynes stated that LINK is better positioned than XRP to ride the next wave of institutional adoption. In his message on the X platform, Rynes wrote:
The Chainlink blockchain currently secures more than $92 billion in Total Value Secured (TVS) across over 60 blockchain networks. Furthermore, more than 2000 LINK oracles support more than 450 applications. The network continues to expand its reach with regular integrations across both public and private blockchains.
In comparison, the XRP Ledger (XRPL) hosts a decentralized finance (DeFi) ecosystem with a total value locked (TVL) of approximately $100 million across nine applications. Thus, it secures nearly 1000 times smaller capital than the capital secured by Chainlink.
