Chainlink’s multi-year ascending channel signals a potential breakout to $100, with the current price hovering near $19 support. The token is gaining traction following a new partnership with S&P Global, enhancing its utility in decentralized finance (DeFi) and boosting investor confidence. 22% monthly declines notwithstanding, Chainlink remains up over 95% from five years ago as broader crypto market bull expectations take hold. Technical analysis by @ali_charts on X highlights a multi-year ascending channel for $LINK perpetual futures on TradingView, with the token approaching a critical support level of $19. This suggests a significant breakout to $100 if momentum holds. 22% monthly decline notwithstanding, Chainlink remains up over 95% from five years ago as broader crypto market bull expectations take hold. Technical analysis by @ali_charts on X highlights a multi-year ascending channel for $LINK perpetual futures on TradingView, with the token approaching a critical support level of $19. This suggests a significant breakout to $100 if momentum holds. 7-day and 21-day moving averages are showing strength as the overall market continues to show signs of sustained growth. This upward movement is driven by a combination of technical signals from the ascending channel, coupled with the recent partnership between Chainlink and S&P Global. The collaboration has integrated on-chain stablecoin risk assessments into their platform, addressing key pain points in DeFi adoption. This integration opens doors for greater transparency, potentially reducing systemic risks exposed during past market turmoil. Despite this positive momentum, market volatility remains a significant factor to consider. Chainlink’s correlation with Ethereum means the performance of the latter will impact Chainlink’s trajectory. However, as DeFi TVL rebounds and demand for oracle services surges, $LINK’s setup appears compelling.