Chainlink Forms Its Third Monthly Golden Cross, Here’s Why Analysts Are Watching the $100 Projection

Chainlink’s third Golden Cross sparks $100 projection after past rallies of 2,500% and 314%.

On-chain data shows rising addresses and NVTS levels mirroring LINK’s 2024 breakout setup.

SBI partnership adopts Chainlink’s CCIP to tokenize real estate and bonds for global finance.

Chainlink has triggered its third monthly Golden Cross, a rare event that previously fueled vertical rallies. The two earlier Golden Crosses in 2019 and 2023 both led to strong upward momentum, producing gains of over 2,500% and 300% respectively. At the time of writing, Chainlink was trading at $24.59.

Third Golden Cross and Historical Context

Chainlink recorded a 2,550.99% increase from July 2019 to mid-2021, according to Rekt Fencer. A second rally followed in early 2023, producing a 314.07% gain before stabilizing later that year

Now, a third Golden Cross has formed on the monthly chart, with the 50-day moving average crossing above the 200-day moving average. Historical performance shows both earlier Golden Cross events were followed by rapid vertical candles on long-term charts

Source: CaptainFaibik(X)

According to analysis prepared by Captain Faibik, LINK has broken above its symmetrical triangle resistance near $25, showing potential for a larger upward move. The breakout pattern projects a possible advance toward the $100 region, representing a 297.79% gain.

Market Activity, Partnerships, and On-Chain Data

Chainlink’s market capitalization stands at $16.64 billion, with a fully diluted valuation of $24.54 billion and a circulating supply of 678 million tokens. Trading volume in the last 24 hours reached $2.26 billion, showing consistent liquidity and activity. The 24-hour range moved between $24.34 and $26.53.

Source: Glassnode

According to Glassnode data, New Addresses have risen to 2,163, matching levels from November 2024 when LINK began a major rally. Active Addresses are also climbing, mirroring past network growth. The NVTS indicator, which measures valuation against transaction volume, is at levels last observed before LINK’s surge from $10.56 to $29.26 in late 2024.

Chainlink also announced a new partnership with Japan’s SBI Group. The collaboration will use Chainlink’s CCIP for tokenizing assets like real estate and government bonds. SBI CEO Yoshitaka Kitao said Chainlink’s infrastructure aligns with the group’s vision for secure and compliant cross-border finance.

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