According to an article from AZNews, the price of $LINK is currently around $23, with analysts suggesting potential targets in the $28-$30 range if a breakout occurs. A symmetrical triangle pattern on the charts suggests a significant move is imminent.
Chainlink's on-chain treasury has reportedly grown by 300% in the last 30 days, reaching approximately 193,100 LINK tokens, valued at around $4.4 million. This was achieved through steady weekly purchases.
A surge in on-chain activity, low exchange supply levels, high open interest in futures, and growing institutional confidence are seen as major factors for long-term growth. While the treasury growth is a positive sign, the expansion of the Chainlink ecosystem, broader market conditions, and the regulatory landscape are also key factors that will influence the long-term value of $LINK .
