Chainlink’s LINK Jumps to Seven-Month High on ICE Partnership, Buyback Momentum

Chainlink’s native token, LINK, surged 10% on Tuesday to reach a new seven-month high, buoyed by a wave of bullish catalysts including a strategic partnership with a major TradFi player and a recently announced token repurchase initiative.

LINK crossed the $24 mark for the first time since February, extending its weekly gain to an impressive 42%—the largest increase among the top 50 digital assets by market capitalization, according to CoinDesk data.

Fueling the rally was news of a collaboration between Chainlink and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. The partnership will bring real-time foreign exchange and precious metals pricing data on-chain, reinforcing Chainlink’s growing footprint as a key data bridge between traditional finance and decentralized infrastructure.

Adding further momentum is the Chainlink Reserve program, unveiled last week. The initiative will convert revenue generated from Chainlink’s service offerings and enterprise integrations into LINK tokens, creating sustained buy-side pressure in the market.

Bullish Momentum Builds on Technicals

Technical indicators suggest that LINK may have further upside. The token is now trading firmly above both its 50-day and 200-day moving averages, supporting a bullish market structure.

Price action is encountering initial resistance in the $24.10–$24.13 zone, with support seen around $21.00–$21.30. The Relative Strength Index (RSI) stands at 72.72, signaling overbought conditions and the possibility of short-term consolidation before a potential continuation of the rally.

A confirmed breakout above current resistance could pave the way for the next leg higher, as momentum and institutional interest continue to converge.