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Chainlink (LINK) Jumps 40% in a Week as Onchain Activity and Institutional Partnerships Fuel Rally
Chainlink (LINK) Jumps 40% in a Week as Onchain Activity and Institutional Partnerships Fuel Rally
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Chainlink LINK News -
Chainlink's native token LINK has surged 40% over the past seven days, trading NEAR $24 at press time. The rally aligns with the highest bullish sentiment since February, per Santiment data. Onchain metrics reveal active addresses at an eight-month high, while whale transactions hit seven-month peaks.
The project's recent collaboration with Intercontinental Exchange to bring traditional finance data onchain is driving institutional interest. Technical indicators point to further upside, with analysts targeting $30 if LINK holds support above $24. The Relative Strength Index sits comfortably in the mid-60s, indicating room for continued growth without immediate overbought risks.
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