Chainlink (LINK) has recently surged 45% on the weekly chart, reaching $26.7—its highest level since January 2022. This rally is particularly interesting as it lacks the usual retail FOMO (fear of missing out), which analysts see as a positive sign for sustained growth. Over the past 24 hours, LINK climbed another 12%, while trading volume rose by 17% to $1.72 billion. Open interest also increased by 12.32%, signaling strong momentum.
Chainlink co-founder Sergey Nazarov highlighted the blockchain’s growing role in traditional finance, noting its success in enabling secure, compliant transactions across multiple chains. With a 50% discount from its all-time high of $50, LINK continues to attract confidence, supported by recent whale activity. Analysts predict the potential for a 500% rally, with a $200 price target on the horizon. As LINK breaks critical resistance levels and maintains bullish momentum, its future looks promising.