Chainlink Price Eyes $100 Target as Reserves Surpass 6 Million Coins

Chainlink's (LINK) price is eyeing its next major target at $100 as its reserves surpass 6 million coins. The token recently broke out above $13.69, a key level for further upside.

The Chainlink Reserve added over $4.3 million worth of LINK in September, bringing total holdings to 6.04 million. This growth is part of the protocol's expansion into enterprise clients and on-chain fees generated through service usage.

Crypto analyst Crypto Patel noted that the price has already gained 40% from its September 16 low of $10. A breakout and sustained hold above a higher-timeframe trendline could open the way toward $20, followed by $50 and $100, according to Patel's roadmap.