Chainlink’s Third Golden Cross Could Signal Move Toward $100 as On-Chain Data and SBI Partnership Boost Momentum

• Third monthly Golden Cross: a bullish technical signal tied to past vertical rallies

• On‑chain metrics (New Addresses, NVTS, Active Addresses) mirror levels seen before prior LINK surges.

• SBI Group adoption of Chainlink CCIP for tokenizing real estate and bonds adds institutional utility and demand.

Chainlink Golden Cross: LINK trades at $24.59 with $100 target on the table; read analysis, data and next steps for traders.

Chainlink forms its third Golden Cross, trading at $24.59 with analysts eyeing a $100 target as on-chain data and SBI partnership fuel momentum.

• 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 preceded extended rallies. The two earlier Golden Crosses in 2019 and 2023 were followed by significant upward momentum. At the time of writing, Chainlink was trading at $24.59.

What is the significance of Chainlink’s third Golden Cross?

The Chainlink Golden Cross is a bullish technical pattern formed when the 50‑day moving average crosses above the 200‑day moving average on the monthly chart. Historically, LINK’s prior monthly Golden Crosses preceded large, rapid gains, making this a high‑conviction signal for traders and analysts monitoring long‑term trend continuation.

Third Golden Cross and Historical Context

Chainlink recorded a 2,550.99% increase from July 2019 to mid‑2021, according to public market analysis. A second rally in early 2023 produced 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.

Analysis by Captain Faibik notes LINK has broken above a symmetrical triangle resistance near $25, projecting a potential advance toward the $100 region — a move representing ~298% from current levels under a successful breakout continuation scenario.

How do market activity and on‑chain metrics support the outlook?

Chainlink’s market capitalization is approximately $16.64 billion with a fully diluted valuation near $24.54 billion and a circulating supply of 678 million tokens. Recent 24‑hour trading volume reached $2.26 billion, indicating robust liquidity.

Glassnode data shows New Addresses rising to 2,163, matching levels seen in November 2024 when LINK began a major rally. Active Addresses are also increasing, and the NVTS indicator sits near levels observed before LINK’s late‑2024 surge from $10.56 to $29.26. These metrics signal renewed network activity consistent with historical breakout environments.

What role does the SBI partnership play?

Chainlink announced a collaboration with Japan’s SBI Group to use Chainlink’s CCIP for tokenizing assets such as real estate and government bonds. SBI CEO Yoshitaka Kitao said Chainlink’s infrastructure aligns with SBI’s goals for secure, compliant cross‑border finance, which could drive institutional demand and real‑world utility for LINK.

Frequently Asked Questions

What prompted the $100 projection for LINK?

Technical breakout from a symmetrical triangle near $25 combined with historical Golden Cross outcomes and on‑chain metrics drove the $100 projection, representing an approximate 298% upside if the breakout sustains.

How reliable is NVTS when forecasting LINK moves?

NVTS measures valuation versus transaction volume; when it returns to prior pre‑rally levels, it can signal undervaluation ahead of price appreciation. Use NVTS alongside volume and address growth for stronger signals.

Key Takeaways

• Technical signal: Monthly Golden Cross is a bullish structural event with strong historical precedent for LINK.
• On‑chain support: New and Active Addresses plus NVTS mirror prior breakout environments, reinforcing the technical case.
• Fundamental catalyst: SBI Group’s planned use of Chainlink CCIP increases real‑world utility and potential institutional demand for LINK.

Conclusion

Chainlink’s third monthly Golden Cross, current trading near $24.59, and converging on‑chain and institutional signals give a cohesive bullish thesis with a plausible $100 target under a sustained breakout. Monitor NVTS, address growth, and SBI CCIP developments for confirmation and risk management.