Chainlink (LINK) rises 37% to a two-year high thanks to EU tokenized securities partnership

Chainlink (LINK) has recently seen a 37% growth, reaching a two-year high, mainly due to the announcement of a tokenized securities partnership in the European Union. This move has generated significant interest, attracting investors to this token. Notably, Chainlink has launched privacy trading in the Cross-Chain Interoperability Protocol (CCIP), allowing financial institutions to connect private blockchains with other networks, a crucial step in enhancing the security and reliability of transactions.

In particular, demand for LINK has increased due to negative net flows on exchanges, indicating that investors are accumulating the asset rather than panic selling. Data from the past month also shows that whale addresses are increasing their holdings of LINK, contributing to market confidence.

Thanks to these factors, analysis suggests that LINK's price could continue to rise, with a short-term target of surpassing the resistance level of $13.73 and potentially aiming for $15.47 if the accumulation momentum is maintained.