Chainlink LINK Price Surges 4.29% to $25.51 Despite Government Partnership Setback
The post Chainlink LINK Price Surges 4.29% to $25.51 Despite Government Partnership Setback appeared on BitcoinEthereumNews.com.
Felix Pinkston
Sep 13, 2025 09:14
LINK recovers to $25.51 with bullish technical signals emerging, while traders weigh recent U.S. government partnership against broader market headwinds.
Quick Take • LINK currently trading at $25.51 (+4.29% in 24h) • Chainlink’s RSI at 61.51 shows neutral momentum with potential upside • U.S. Department of Commerce partnership provides fundamental support despite initial price decline What’s Driving Chainlink Price Today? The LINK price has shown resilience with a 4.29% daily gain, climbing back above the $25 threshold after recent volatility. This recovery comes despite mixed market reception to Chainlink’s major partnership announcement with the U.S. Department of Commerce. The government collaboration, announced on September 8th, aims to bring macroeconomic data on-chain through Chainlink’s oracle network. However, the initial market response was surprisingly bearish, with LINK declining 15% over the month despite this significant adoption milestone. This disconnect between fundamental progress and price action reflects broader cryptocurrency market uncertainty that has overshadowed positive developments. Recent trading data from Binance spot market shows LINK recovering from its monthly lows, with the current price action suggesting institutional and retail traders are beginning to recognize the long-term value of government-level adoption. The 24-hour trading volume of $112.9 million indicates sustained interest as traders position for potential breakout scenarios. LINK Technical Analysis: Bullish Signals Emerge Chainlink technical analysis reveals increasingly positive momentum indicators that support the current price recovery. The LINK RSI at 61.51 sits comfortably in neutral territory, providing room for further upward movement without entering overbought conditions. The MACD configuration presents the strongest bullish signal, with LINK’s MACD line at 0.5314 trading well above the signal line at 0.4230. The positive histogram reading of 0.1084 confirms strengthening bullish momentum for Chainlink, suggesting the recent price gains may have more…
Filed under: News - @ September 14, 2025 1:20 am