Chainlink's Third Golden Cross Sparks Bullish Outlook Amid SBI Partnership and On-Chain Momentum

Chainlink has triggered its third Golden Cross on the monthly chart, forming a bullish technical signal that historically precedes significant price gains. At the time of the report, LINK was trading at $24.59, with analysts and traders drawing parallels to previous surges that followed similar patterns in 2019 and 2023 [1]. The first Golden Cross was followed by a 2,550.99% rally, while the second led to a 314.07% increase, making the current technical setup a high-conviction indicator for potential upside movement [1].

On-chain data further supports the bullish case. New Addresses and Active Addresses are showing levels similar to those seen prior to major LINK rallies, including the late 2024 surge from $10.56 to $29.26. The Network Value to Transaction (NVTS) metric is also aligning with pre-rally readings, suggesting renewed network activity and potentially undervaluation that could precede price appreciation [1]. According to Captain Faibik’s analysis on X, LINK has broken above a symmetrical triangle resistance near $25, projecting a potential move toward $100 under a sustained breakout [1].

The partnership with SBI Group, a major player in Japan’s financial services sector, is another catalyst driving momentum. SBI is adopting Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to tokenize assets such as real estate and government bonds. This initiative is expected to enhance the real-world utility of LINK and attract institutional demand. SBI CEO Yoshitaka Kitao stated that Chainlink’s infrastructure supports secure, compliant cross-border finance, aligning with SBI’s strategic goals [1]. This institutional adoption adds a fundamental layer to the technical and on-chain optimism.

Currently, Chainlink’s market capitalization stands at approximately $16.64 billion, with a fully diluted valuation of $24.54 billion and a circulating supply of 678 million tokens. The token has seen a 24-hour trading volume of $2.26 billion, highlighting strong liquidity and investor interest [1]. The combination of technical formations, on-chain metrics, and institutional collaboration suggests a multi-faceted bullish thesis for LINK, with $100 becoming a plausible target if the breakout continues.

Analysts recommend monitoring on-chain metrics like NVTS, address growth, and further developments in SBI’s use of CCIP for confirmation and risk management. While no price prediction is guaranteed, the convergence of historical technical signals and current data offers a compelling case for potential price appreciation [1].

Source: [1] Chainlink’s Third Golden Cross Could Signal Move Toward $100 as On-Chain Data and SBI Partnership Boost Momentum (https://en.coinotag.com/chainlinks-third-golden-cross-could-signal-move-toward-100-as-on-chain-data-and-sbi-partnership-boost-momentum/)