ChainLink (LINK) is nearing a potential breakout after consolidating for 639 days below the $24 to $28 range. Currently trading at $25 with a market cap of $17 billion, LINK is approaching resistance levels, prompting analysts to eye a $30 target. On-chain activity has increased significantly, with over 9,813 unique wallets transacting in a single day, marking a yearly peak. New services such as Data Streams and Chainlink Reserve are contributing to the network's expanded use. Analysts suggest that a breakout above $30 could lead to further targets of $32 and $52. The token has shown consistent higher lows since mid-2022, indicating market strength. Recent price action includes breaking above a Gann arc, which is viewed as a positive structural development.