Chainlink Price Surges 5% After Standard Chartered Targets $200

Chainlink's price surged nearly 5% after Standard Chartered set a $200 target for 2030, marking another milestone in the tokenization economy. This latest rally broke Chainlink's descending trendline and has it approaching the critical $9 mark.

The double-bottom recovery visible near $7.50 has improved Chainlink's market structure, with bulls now looking to clear the $9-$9.20 hurdle. A sustained daily close above this area would strengthen the breakout and expose potential targets of $9.56 and $11.50-$11.60.

Standard Chartered's $200 call is based on Chainlink's role in tokenized finance, with the bank expecting the tokenized-asset market to reach approximately $4 trillion by 2028. This thesis values Chainlink as a core infrastructure provider, rather than just a speculative crypto asset.