Chainlink’s LINK Rallies 8%, Breaks Resistance as Institutional Momentum Builds
Chainlink’s native token LINK posted a strong recovery Wednesday, surging 8.3% to $25.93 and outperforming the broader crypto market as it cleared key resistance levels on elevated volume.
The move erased Tuesday’s losses and came as major cryptocurrencies attempted a rebound. Bitcoin (BTC) gained just 0.5% over the same period, while Ether (ETH) added 4%. The broader CoinDesk 20 Index rose 1.5%.
LINK’s relative strength reflects rising institutional confidence in Chainlink’s role as a core layer of blockchain infrastructure, especially as it continues bridging traditional finance and decentralized ecosystems.
Chainlink co-founder Sergey Nazarov said Tuesday that he met with Senator Tim Scott, Chair of the Senate Banking Committee, to discuss the updated U.S. market structure bill.
“This new version of the market structure bill has many advantages over past versions, enabling our industry to rapidly grow in the U.S. with fewer limitations,” Nazarov said on X.
Investor sentiment has also been buoyed by the Chainlink Reserve—a token accumulation initiative that reinvests protocol revenue to purchase LINK, similar to corporate stock buyback programs. The reserve has acquired 109,664 LINK (worth $2.8 million) in two weeks and is scheduled to execute its next weekly buy on Thursday.
Technical Overview:
- LINK surged from $23.96 to $25.93 (+8.3%) over 24 hours
- Broke resistance at $24.50 and $25.20 on strong volume
- Solid support now forming in the $23.50–$23.60 range
- Price action suggests bullish continuation if momentum holds
The breakout positions LINK favorably as attention turns to whether broader market conditions will support further upside.
