Chainlink price rallies on Standard Chartered $200 call

Chainlink price rose 4.5% to $8.67 on Aug. 11 after Standard Chartered initiated coverage with a $200 target for 2030, while technical indicators pointed to improving short-term momentum. Summary Chainlink gained 4.5% to $8.67, breaking above the daily chart’s $8.48 Fibonacci level. Standard Chartered projected LINK could reach $200 by 2030 as asset tokenization expands. LINK’s 4-hour Supertrend turned bullish, establishing immediate dynamic support near $8.21. Liquidation clusters above $8.70 and $8.90 could pull LINK price toward the next resistance zone. Chainlink price rallies above $8.48 resistance According to data from crypto.news, Chainlink (LINK) price traded at $8.67 at the time of writing, up 4.5% over the previous 24 hours. LINK opened the daily session near $8.30, fell briefly to $8.29, and then climbed as high as $8.72. Chainlink price daily chart — Aug. 11 | Source: crypto.news The move pushed LINK above the 38.2% Fibonacci retracement level at $8.48, calculated from its May high of $10.87 to its June low near $7.00. That level had restricted several recovery attempts since late July. Holding above $8.48 would give buyers a stronger base for challenging the 50% retra...