Chainlink Soars Over 11%, Could a Breakout Be in Sight?

Chainlink is experiencing significant upward momentum, surging over 11% to reach $11. The crypto market as a whole has rallied, with Bitcoin and Ethereum gaining more than 5% each. However, Chainlink’s impressive rise stands out. This surge comes amidst a healthy daily trading volume of $729 million. Although the asset briefly dipped below $10.33 in early trading hours before rallying to a high of $11.84, it has settled at $11.59 as of press time. Market cap stands at $7.61 billion, reflecting a strong overall performance.