Chainlink's price breakout continues to capture market attention, reaching new highs with discussions around potential pushes towards all-time peaks.
Current Chainlink Price Surge
Following an 80% increase, Chainlink is approaching the yearly highs at $22.89. This surge hasn't been observed since the 2021 bull market, indicating potential movement towards three-digit values.
Key Growth Drivers
The catalyst for this growth is the recent partnership announcement with 21X to launch the first EU-regulated financial market infrastructure. Breaking the resistance at $19.25 highlights strong upward motion, crossing the $20 mark.
Technical Indicators and Forecast
The monthly chart shows a breakout from a multi-year symmetrical triangle, indicating accumulated bullish momentum. Technical indicators such as RSI and MACD support the potential for continued upward trend. Projections indicate movement towards $34.2 and eventually $52.88.
With recent partnerships and strong technical signals, Chainlink's price shows potential for further growth. Continued momentum could see the price reach new all-time highs.
