Chainlink’s Fed-Compatible Oracle Model Fuels LINK Rally As Analysts Target $46

Chainlink’s innovative oracle model is gaining traction, particularly with its potential to meet Fed-level compliance needs. This development has fueled market interest, leading to a surge in the price of LINK token towards a target of $46. Sergey Nazarov, co-founder of Chainlink, has outlined how the platform’s network can be tailored for institutional use by selecting specific nodes and applying regulatory rules. Analyst Ali predicts LINK will dip near $15 before rebounding towards $46, utilizing Fibonacci-based technical analysis to support this prediction.