Chainlink LINK Eyes Potential 125% Surge as Technical and On-Chain Metrics Align

Chainlink LINK News - Chainlink's LINK token is attracting renewed bullish momentum as technical indicators and on-chain metrics converge, suggesting significant upside potential. The cryptocurrency currently trades at $23.185, boasting a market capitalization of $15.75 billion with daily volume surpassing $708 million. A symmetrical triangle breakout on the 12-hour chart has shifted market sentiment, with analysts targeting the $25 resistance level. A decisive breakthrough could trigger a rapid climb toward $30, representing a 125% gain from current levels. Supply dynamics are tightening considerably, with exchange balances reaching their lowest point since 2022. This reduction in available tokens indicates growing holder confidence and the potential for a supply shock if demand accelerates.