Highlights
- Chainlink (LINK) surged 2% on Friday, hitting $9.27.
- The surge follows a surge in revenue of more than $5 million over the past 30 days. This is a more than five-fold increase compared to early 2025.
- LINK’s upward momentum came after Bitcoin broke a key resistance level and surged above $73,000.
On March 13, Chainlink (LINK) witnessed a surge of over 2% on the daily chart, driven by upward momentum in the Bitcoin price.
As of this writing, Chainlink’s price is around $9.22 and its market capitalization is $6.53 billion, according to CoinMarketCap. Daily trading volume also increased by 38% and now stands at approximately $797.33 million.
Chainlink price surges after BTC breaks key resistance level.
Bitcoin once again broke out of its consolidation zone and broke through the key resistance level of $70,000 today. This breakout in Bitcoin price helped it surge above $73,000 and is quickly heading towards $74,000. This is one of the main factors that triggered the correlation with altcoins and sparked their rally.
Bloodshed in the Middle East, where Israel and the United States are carrying out joint military operations against Iran, is shaking the entire financial world. However, the cryptocurrency market has shown impressive resilience without major declines.
Chainlink price momentum comes only from growth in on-chain activity. Recently, Chainlink has amassed over $100 billion in assets and holds approximately 70% of the total oracle market. As the largest oracle, its total value-at-execution (TVE) exceeds $28 trillion. In the past 30 days, the network has generated more than $5.7 million in revenue, five times more than the entire first quarter of 2025.
After months of sideways trading, the charts are now showing oversold conditions and a tight consolidation pattern.
According to MEXC AnalystLINK is expected to target the $10.50-$12 range over the next 4-6 weeks if the price breaks above $9.50. The Motley Fool even predicted that “2026 will be the year of Chainlink” due to its role in the emerging on-chain financial system.
(Source: Trading View)
Likewise, technical analysis suggests that LINK trading above $9.5 could send the token in the next direction. $12~$15. Conversely, if the cryptocurrency falls below the strong support level of $8, it could become more volatile and fall all the way to $6.5.
In addition to this, Grayscale and Bitwise’s Chainlink ETF has seen steady inflows for several weeks. These inflows come during a volatile period for cryptocurrencies, while other cryptocurrency ETFs have seen consecutive outflows.
These inflows show that institutions are interested in buying and holding. Meanwhile, whales have accumulated more than 10 million LINK tokens on exchanges since late 2025, helping to reduce selling pressure in the market.
Matt Hougan, Bitwise CIO at Chainlink:
“If you talk to the average institutional investor, they have never heard of Chainlink.”
“If Chainlink were a software company in a traditional C-corp wrapper, it would be one of the hottest tech companies on the market right now.”
Historically… https://t.co/GtPTq5MEPO pic.twitter.com/JU7NNsGVPA
— Adam “Link” Smith (@AdamLinkSmith) March 12, 2026
Bitwise CIO Matt Hougan called LINK one of the most undervalued infrastructure exchanges in cryptocurrency. “I believe it is one of the least understood, most important, and perhaps most undervalued cryptocurrency assets,” he said. Research firm Delphi Digital also said it is the most deeply embedded piece of infrastructure in the space.
LINK as well as other altcoins with utility such as Zcash have also gained momentum.
This price momentum also stems from macroeconomic factors as experts are expecting further interest rate cuts from the Federal Reserve, which is expected to make investors feel good about cryptocurrencies. This is a typical “risk-on” market atmosphere. Tokenization of real assets such as stocks, bonds, and funds is expected to become a trend in 2026. This will increase demand for oracles like Chainlink. LINK as well as other altcoins with utility such as Zcash have also gained momentum.
Also Read: Dogecoin hits $0.1 as trading volume surges and market sentiment improves.