Chainlink Price Eyes 30% Rally After Rare MVRV Golden Cross Forms

Chainlink's price has been testing the $8.80 channel midpoint after gaining nearly 8% in the past week.

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

The token's MVRV ratio has formed its first golden cross with the 200-day average in over a year, which historically precedes rallies of up to 155%

Whale transactions above $1 million have accelerated from one to 15 within 96 hours, while active addresses have nearly doubled from approximately 2,450 to 4,800.