Chainlink is showing potential for another rally after a 44% gain in the past week, trading at $24.0 with a 54% increase over 30 days. A $25.50 price could risk $61 million in short positions. Despite this, it remains 55% below its May 2021 high. Analysts believe it could go higher.

Chainlink’s recent partnership with ICE to bring forex and precious metals data onchain shows potential for growth. Co-founder Sergey Nazarov believes asset tokenization will accelerate capital movement across traditional markets. Crypto commentator Rick Barber highlights the anticipation surrounding Chainlink’s upcoming deposit and update.

Read more at Cointelegraph: Chainlink Gearing Up For ‘Round 2’ Price Rally: Traders