The post Chainlink (LINK) Holds $24.70 Despite Mixed Signals and Government Partnership appeared on BitcoinEthereumNews.com.

Terrill Dicki
Sep 14, 2025 10:06

LINK price stabilizes at $24.73 (-2.94%) as technical indicators show conflicting signals following major U.S. Department of Commerce partnership announcement.

Quick Take • LINK currently trading at $24.73 (-2.94% in 24h) • Chainlink’s RSI at 57.56 suggests neutral momentum despite recent volatility • U.S. Department of Commerce partnership announced but LINK price declined 15% over the month What’s Driving Chainlink Price Today? The LINK price action over the past week presents a classic case of “buy the rumor, sell the news” behavior in cryptocurrency markets. Despite Chainlink securing a significant partnership with the U.S. Department of Commerce on September 8th to bring macroeconomic data on-chain, the token has struggled to maintain bullish momentum. This government partnership represents a major validation of Chainlink’s oracle technology and its potential role in traditional finance integration. However, the LINK price response has been underwhelming, with the token declining 15% over the month despite this positive catalyst. The market’s muted reaction suggests that broader cryptocurrency sentiment and technical factors are currently outweighing fundamental developments. Current trading data shows LINK price holding relatively stable around the $24.70 level, with 24-hour volume reaching $84.5 million on Binance spot markets. This volume indicates continued interest from traders, though the price action suggests consolidation rather than directional momentum. LINK Technical Analysis: Mixed Signals Emerge Chainlink technical analysis reveals a complex picture with both bullish and bearish indicators present. The LINK RSI currently sits at 57.56, placing it in neutral territory and suggesting neither overbought nor oversold conditions. This neutral LINK RSI reading aligns with the sideways price action observed over recent sessions. The MACD indicator provides a more optimistic view, with the MACD histogram showing a positive 0.0845 reading, indicating bullish momentum for Chainlink in…

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Filed under: News - @ September 14, 2025 12:25 pm