Chainlink LINK Soars 44% as Bullish Momentum Targets $47 Breakout

Chainlink's LINK token has surged 44% in the past week, hitting $24 as traders eye a potential rally toward $47. The cryptocurrency now faces a key resistance level at $25, with analysts indicating that a decisive breakout could fuel the next leg up.

Google search interest for chainlink has reached a three-year high, signaling growing retail attention. On-chain data shows increased whale activity, with 713 large transactions recorded daily over the past five days—the highest level in three months.

The protocol's fundamentals continue to strengthen, with its Total Value Secured metric reaching an all-time high of $93 billion. 'Chainlink is ready for round 2,' noted prominent trader Johnny, reflecting market sentiment that the current uptrend may be just the start of a larger move.