Chainlink rallied to $8.02 on Wednesday, posting a 12% gain as buyers pushed through the $8.00 threshold. The token approached its all-time high of $8.48, set days earlier on Monday. Since January, L
Chainlink rallied to $8.02 on Wednesday, posting a 12% gain as buyers pushed through the $8.00 threshold. The token approached its all-time high of $8.48, set days earlier on Monday.
Since January, LINK holders watched their portfolios expand by 170%. The run vaulted Chainlink into the top 10 cryptocurrencies by market capitalization, overtaking Binance Coin. On-chain metrics backed the move: active addresses expanded, and 64% of token holders had unrealized gains.
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DeFi protocols adopted Chainlink oracles at an accelerating pace. As builders integrated the service, traders predicted the upside would continue.
Cantering Clark, a derivatives trader at Phemex.Trade, expected the momentum to persist. "If Bitcoin does not ruin the party, there is no reason why $LINK does not continue into double digits. It would be conservative even, considering we just broke out of a major range. 20$ + $LINK would not surprise me at all," he said.
Josh Rager, co-founder of Blackroots.com, outlined the technical setup: LINK/USD had to hold $7.83. If buyers defended that level, the next target was $9.00. "As long as Bitcoin holds, I don't think LINK Marines stop until they get double-digit oracles," he wrote on Twitter.
Cole Garner disagreed. Holders moved Chainlink tokens into exchange wallets, Cole noted, a pattern he read as preparation to pump before dumping. He predicted a move to $8.50, followed by a decline back to $6.80, where buyers had defended previously. Further selling could push prices to $4-5, erasing the year's gains.
MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.
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