Chainlink Price Surges Amid Mantle Migration and Macro Boost

Chainlink has experienced a significant price surge in recent days, increasing by more than 5% over the past 24 hours and outperforming most large-cap altcoins.

The rally is attributed to Mantle's $2.5 billion infrastructure migration from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP), as well as improving macroeconomic conditions following softer-than-expected US inflation data.

As a result, the token has traded around $8.32 and extended its weekly gain to more than 8%, sparking questions about whether the rally will continue towards higher resistance levels.