Chainlink Defies Market Slump with 8% Rally in LINK Token

LINK Jumps 8% as Chainlink Defies Market Slump on Strong Volume, Breakout Rally

Chainlink’s native token, LINK, surged 8.3% to $25.93 in the past 24 hours, breaking through key resistance zones and sharply outperforming the broader crypto market. The move erased Tuesday’s losses and highlighted growing investor confidence in the oracle network’s role within blockchain infrastructure.

While bitcoin (BTC) and ether (ETH) posted modest gains of 0.5% and 4% respectively, LINK led large-cap assets, helping push the CoinDesk 20 Index up 1.5% overall.

Analysts attributed the rally to strong technical momentum and fresh signs of institutional engagement. Chainlink co-founder Sergey Nazarov recently met with Senator Tim Scott, chairman of the Senate Banking Committee, to discuss the latest draft of the U.S. market structure bill, which Nazarov described as “a major step forward” for the industry.

Meanwhile, Chainlink’s ongoing buyback initiative—dubbed the Chainlink Reserve—continued to offer price support. The mechanism has acquired more than 109,000 LINK worth $2.8 million in just two weeks, with the next purchase slated for Thursday.

Technical Snapshot

• Price climbed from $23.96 to $25.93 (+8.3%)
• Resistance at $24.50 and $25.20 decisively broken
• New support formed in the $23.50–$23.60 range
• Volume surged during breakout, confirming bullish momentum

The breakout puts LINK in a favorable technical position, with momentum building as traders eye further upside if broader conditions stabilize.

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