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Key Highlights
- Chainlink ($LINK) has witnessed a spike of 2% on Friday, soaring to $9.27
- This surge comes after its revenue surged above $5 million in the last 30 days, which is more than 5 times from early 2025
- The upward momentum in $LINK came after Bitcoin broke a major resistance level and soared above $73,000
On March 13, Chainlink ($LINK) witnessed a spike of 5.33% on a daily chart, fueled by the upward momentum in the Bitcoin price.
At the time of writing, the Chainlink price is revolving around $9.22 with a market capitalization of $6.53 billion, according to CoinMarketCap. Its daily trading volume also jumped by 38% and currently revolves around $797.33 million.
Chainlink Price Soars after BTC Broke Major Resistance Level
Bitcoin has once again stepped outside its consolidation zone and broken a major resistance level at $70,000 today. This breakout in Bitcoin price has helped it to soar above $73,000 and is rapidly heading towards $74,000. This is one of the major factors that triggered a correlation with altcoins and sparked a rally in altcoins.
The ongoing bloodshed in the Middle East, where Israel and the U.S. jointly launched a military operation against Iran, has shaken the entire financial world. However, the crypto market has displayed an impressive resilience without any major dips.
The momentum in the Chainlink price is also only coming from the growth in its on-chain activities. Recently, Chainlink secured over $100 billion in assets and holds about 70% of the entire oracle market. As the biggest oracle, the total value executed (TVE) has hit over $28 trillion. In the last 30 days, the network earned over $5.7 million in revenue, which is 5 times more than all of Q1 2025.
After months of sideways trading, the charts are now showing oversold conditions and a tight consolidation pattern.
According to the analyst on MEXC, $LINK is expected to target a range of $10.50 to $12 over the next 4 to 6 weeks if the price breaks above $9.50. The Motley Fool has even predicted that “2026 will be the year of Chainlink” because of its role in the emerging on-chain financial system.
(Source: TradingView)
Similarly, the technical analysis says that if $LINK trades break above $9.5, it could send the token toward $12 to $15. On the flip side, if the cryptocurrency drops below the strong support of $8, it could add further volatility to it and drive it down to $6.5.
Apart from this, Chainlink ETFs from Grayscale and Bitwise have seen steady inflows for weeks. These inflows came during the volatile period of crypto, where other crypto ETFs were witnessing a streak of outflows.
These inflows are showing that institutions are interested in buying and holding. Meanwhile, whales have accumulated more than 10 million $LINK tokens off exchanges since late 2025, which helped the market to reduce selling pressure.
Bitwise CIO Matt Hougan called $LINK “one of crypto’s most undervalued infrastructure bets.”
Research firm Delphi Digital also stated that it is the most deeply embedded piece of infrastructure in the space.
This price momentum is also coming from the macroeconomic factors, as experts are expecting more Federal Reserve rate cuts, which tends to make investors feel good about crypto. It is the classic “risk-on” market mood. Tokenization of real-world assets, such as stocks, bonds, and funds, is expected to become a trend in 2026.
Also Read: Dogecoin Hits $0.1 Mark As Volume Surges & Market Sentiments Improve
