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Recently, the crypto assets market has been tumultuous, with several mainstream tokens performing remarkably well. Ethereum has more than doubled since April, the Solana ecosystem is witnessing a meme coin craze, and the newcomer Sui is also showcasing the style of established projects. However, as an important infrastructure in the industry, Chainlink's token LINK has not performed well.
Until recently, LINK finally welcomed a breakthrough. In the past week, the price of LINK soared over 25%, with a monthly rise exceeding 50%, successfully breaking through long-term resistance levels. From a technical perspective, $36 has become the next key resistance level, and a breakthrough could create a new historical high.
What is driving the rise in LINK prices? Analysis suggests that it mainly stems from its synchronization with the overall market sentiment. Chainlink has always been regarded as a reliable asset, often favored during market downturns, but when the return rate exceeds 60% to 70%, profit-taking pressure also follows.
It is worth noting that the current situation is undergoing subtle changes. Retail investor interest has recently risen, coupled with the strategic partnership between Chainlink and Mastercard, as well as its increasingly influential presence outside the Crypto Assets ecosystem, all of which provide strong momentum for LINK's future development.
Since April, the price of LINK has doubled, highlighting its characteristics as a highly volatile asset, while also reflecting its close connection to the overall market trends. Industry insiders generally believe that if LINK can break through the $40 mark, it is very likely to surge all the way to the $100 milestone.
However, investors still need to be cautious and closely monitor market trends. The Crypto Assets market is ever-changing, and although LINK shows a strong rise momentum, there are still many uncertainties regarding future trends.