Standard Chartered Lifts Chainlink Price Target to $200 by 2030

Chainlink's price surged 3.02% over the last 19 hours due to the release of Standard Chartered's bullish research and tokenization narrative.

Standard Chartered initiated coverage with a $200 2030 price target, which contributed to a 4-5% intraday rally around $8.7. The report highlighted Chainlink's role as dominant oracle provider securing over $110 billion in oracle-dependent value and the adoption of its Cross-Chain Interoperability Protocol (CCIP).

The market was already leaning bullish on LINK's chart, with resistance levels close overhead and limited fresh supply hitting exchanges. A technical review described LINK rebounding from a $7.00 double-bottom and trading in a rising channel.