Chainlink has surged by nearly 8% over the past week despite choppy price action across the broader crypto market. The MVRV Ratio has formed a golden cross with its 200-day SMA for the first time in over a year, a historically significant bullish signal that preceded a 155% rally in November 2024 and an 85% rise in July 2025. Whale activity has also sharply increased, with around 15 transactions worth over $1 million in 96 hours, while active addresses nearly doubled to 4,800. The oracle network has secured over $33 trillion in total transaction value, with major institutions including J.P. Morgan and CME Group participating. Standard Chartered forecasts the token reaching $200 by 2030.
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