Chainlink Price Awaits Breakout as Golden Cross Sparks Bullish Signals

Chainlink's price has been testing the $8.80 midpoint of its consolidation range after gaining nearly 8% over the past week.

A daily close above this level could expose the upper boundary near $11, implying a potential 30% move.

The token's MVRV ratio formed a golden cross with its 200-day SMA for the first time in over a year, which has historically preceded rallies. A similar setup occurred before Chainlink's price surged by 155% in November 2024 and 85% in July 2025.

Whale transactions above $1 million rose from one to 15 within 96 hours, while active addresses nearly doubled to approximately 4,800 during the same period. This acceleration in large-holder activity has attracted fresh attention.