Chainlink's price rallied over 50% in the week leading up to Donald Trump's inauguration, driven by positive speculation surrounding Trump's presidency and a direct endorsement from a Trump-backed entity. World Liberty Financial (WLFI), a crypto firm launched by Trump, invested $4.7 million in Chainlink and adopted its oracle standard, boosting investor confidence in the asset.
Chainlink's price has been consolidating above the $25 mark as Donald Trump 's presidency commenced on Monday. LINK has experienced a remarkable 51% surge, securing its position as the second-best performing mega-cap cryptocurrency asset this week. This impressive performance coincides with the recent investment of $4.7 million in LINK by World Liberty Financial ( WLFI ), a crypto firm backed by Donald Trump , prior to its official adoption of the Chainlink oracle standard.
As the inaugural festivities unfolded, the crypto market reacted with notable interest, particularly in assets associated with Trump's political agenda. While cryptocurrencies like Bitcoin, Solana, XRP, and Trump's newly launched Solana memecoins, TRUMP and MELANIA, dominated mainstream headlines, a closer examination of market data reveals that Chainlink has been attracting substantial capital inflows in the week leading up to January 20th. Chainlink's price action has been particularly noteworthy, with its token price rising 51% from $17.80 on January 13th to a new 2025 peak of $27 on Monday. This surge positions Chainlink as the second-best performing mega-cap cryptocurrency behind Solana. The bullish sentiment surrounding Chainlink is attributed to several factors, primarily driven by the endorsement of Trump-affiliated entities. WLFI's adoption of the Chainlink standard for integrating and delivering off-chain data has significantly bolstered investor confidence in LINK. This endorsement, coupled with WLFI's $4.7 million investment in LINK tokens in several transactions, has fueled speculation about long-term bullish momentum for Chainlink. These developments suggest that Chainlink may benefit from sustained institutional interest and increased utility in the evolving DeFi landscape, potentially driving its price higher in the coming months. Technical indicators on the LINKUSD daily chart further support this optimistic outlook. The narrowing price range indicated by the Bollinger Bands near the upper band reflects heightened volatility during the recent rally. LINK's close above the midline ($22.21) suggests bullish momentum, while the Parabolic SAR, with its blue dots positioned below the candles, confirms the upward trend. The BBP (Bull-Bear Power) at 4.37 signals strong bullish strength, hinting at continued upward pressure on the asset. In a bullish scenario, LINK could target resistance near $27.50 if buying volumes remain robust, potentially paving the way for a move towards $30. However, if bears reclaim control and the $25 support level is broken, LINK might dip to retest the midline of the Bollinger Bands at $22.21. Traders should closely monitor volume spikes and the Parabolic SAR for potential signs of trend exhaustion. Overall, with Chainlink benefiting from institutional adoption narratives and a favorable technical backdrop, the cryptocurrency appears poised for another breakout, provided the $25 support level holds strong
CHAINLINK LINK DONALD TRUMP WORLD LIBERTY FINANCIAL WLFI CRYPTO MARKET PRICE PREDICTION TECHNICAL ANALYSIS BULLISH OUTLOOK
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