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Points of Focus
- LINK rises 1.71%, reclaiming nine of fourteen tracked moving averages.
- Standard Chartered set a $200 LINK price target for the end of 2030.
- The bank models a 25x rise in Chainlink fees, driving a matching price gain.
Chainlink (LINK) trades at $8.4322, up 1.71% on the day, per TradingView data at the time of writing.
The daily candle opened at $8.2907, reached a high of $8.4516, dipped to a low of $8.2837, and closed at $8.4322, a sharp reclaim from a chart that had almost no support left yesterday.
A bank initiates coverage with a 25x call
Standard Chartered initiated coverage of Chainlink with a $200 price target by the end of 2030, according to a proprietary research note titled ‘Chainlink: Owning the Rails,’ dated August 10, 2026, by Geoff Kendrick, Standard Chartered’s Global Head of Digital Assets Research.
Standard Chartered initiates coverage of Chainlink $LINK, forecasting a price of $200 by end of 2030
The bank sees Chainlink underpinning the tokenization trend, a market set to grow to $4 trillion by 2028 pic.twitter.com/qx1ZK9MvGP
— Zach Rynes | CLG (@ChainLinkGod) August 10, 2026
The bank lays out a staged path rather than a single leap: $13 by the end of 2026, then $41, $82, and $133 in the following years, before reaching $200 in 2030, a roughly 25-fold gain from current levels.
The thesis ties LINK’s valuation to fee growth rather than speculative repricing. Standard Chartered projects tokenized assets on-chain will rise from roughly $340 billion today to $4 trillion by the end of 2028, a 12-fold increase, with assets deployed in DeFi expanding 37-fold to $2.7 trillion by 2030.
As Chainlink charges fees for delivering data and moving assets between chains, Kendrick estimates the network’s fee revenue rises about 25 times over the same window and models LINK’s price to track that growth.
The note credits Chainlink with securing roughly 70% of oracle-dependent DeFi value globally and more than 80% on Ethereum specifically, naming Swift, DTCC, JPMorgan, Mastercard, UBS, Fidelity, and S&P Global among institutions already using its services.
The same note projects Bitcoin at $500,000 and Ethereum at $40,000 by 2030, meaning Standard Chartered’s own model has LINK outperforming both. Kendrick named three risks in the note itself: a slower-than-expected pace of institutional tokenization, competition from specialist providers, and technical or configuration failures.
Technical levels
Nine of the fourteen moving averages (MA) TradingView tracks for LINK now support price, up from just two in our last update: the 10-day through 50-day EMAs and SMAs, plus the Hull MA at $8.3186.
Only the 100-day and 200-day averages remain resistance, and the nearer of the two, the 100-day EMA at $8.5068, sits just 0.88% above the spot price. The 50-day SMA at $8.0609 is now the primary support, 4.4% below the price.
The relative strength index (RSI) reads 54.52, and the average directional index (ADX) reads 12.19, both neutral, so today’s move has not yet pushed into overbought territory.
What comes next
The reclaim lands the same day as the news rather than arriving without price confirmation, but a single bank’s five-year model is not proof the tokenization growth it assumes will happen on schedule.
The nearer-term test is technical: a daily close above the 100-day EMA at $8.5068 would extend the reclaim into territory LINK hasn’t held in weeks, while losing the 50-day SMA at $8.0609 would undo it. That level, not the 2030 target, is the one worth watching first.
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