LINK Leads Weekly Gains as ICE Integration and Buyback Program Spark Bullish Momentum
Chainlink’s native token LINK surged 10% on Tuesday, pushing above $24 for the first time since February and marking a 42% gain over the past seven days—the largest among the top 50 digital assets by market capitalization, according to CoinDesk data.
The rally was fueled by two major catalysts:
- A new partnership with Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, to deliver real-time foreign exchange and precious metals data on-chain.
- The launch of the Chainlink Reserve, a program that reinvests protocol and enterprise revenues into LINK, introducing steady buy-side pressure.
Together, these developments reinforce Chainlink’s positioning as a critical bridge between traditional finance and decentralized infrastructure.
Technical Signals Favor Bulls, But Resistance Ahead
LINK is now trading firmly above its 50-day and 200-day moving averages, confirming bullish momentum.
- Support: $21.00–$21.30
- Resistance: $24.10–$24.13
- RSI: Approaching 73, suggesting near-term consolidation risk.
A clear breakout above the current resistance zone could trigger a continuation of the rally, with investors eyeing the next upside targets as Chainlink’s narrative continues to strengthen.
