Link's native token, LINK, one of the leading blockchain projects, seems to be performing much better than the rest of the market. According to on-chain analytics provider Santiment, LINK is on the rise, and this may be because of the re-operation of sedilent wallets.
The breakdown in the price took place after the exchanges opened in Asia on Friday morning. After the session that started, LINK rose to $18.13, an intraday and 22-month high. LINK rose above $18 for the first time since April 2022. The next main resistance level for the price is at $28 in January 2022.
This huge price movement revealed that Chainlink's profitability in the last seven days was 30%. In addition, LINK's market cap rose to over $10 billion and ranked twelfth, beating Tron (TRX).
The price action that took place at Chainlink and the FOMO formed were largely associated with the momentum created by real-world asset tokenization. From the network's X account, its followers were reminded again on February 2 that it is the industry leader in this sector.
The last time LINK topped $18 was in April 2022. The next major resistance level, and the last spike in January 2022, was $28.
$LINK Price to $25?
On the technical chart, the Chainlink/BTC pair is showing strength and poised for a major breakout upwards.
predicts the potential for a robust price movement, with Chainlink expected to reach levels between $25 and $30 in the coming period. DYOR
