Chainlink Price Momentum Hits $72 Target: Will Breakout Happen?

Chainlink’s price action continues its bullish climb, with the monthly chart displaying strong momentum and hinting at a potential breakout above $72. Analysts are watching closely as the cryptocurrency approaches this significant price level. The growing popularity of Chainlink in decentralized finance (DeFi) is fueling this upward movement. As LINK plays a vital role in staking protocols and smart contracts, its rising use within DeFi projects contributes to the momentum.