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BTCC / BTCC Square / Global Cryptocurrency /
Chainlink LINK Tests Key Support Level Amid Strong Institutional Demand

Chainlink LINK Tests Key Support Level Amid Strong Institutional Demand

Author:
Global Cryptocurrency
Published:
2025-09-17 14:59:12
26
2
Chainlink LINK News - Chainlink's LINK token declined 1.71% to $22.99, pulling back from last week's high of $25.51 despite increasing institutional interest. This retracement follows a 7% surge driven by Caliber's undisclosed accumulation and Grayscale's ETF filing, with technical indicators showing neutral momentum at RSI 47.99. Fundamental catalysts remain robust, highlighted by the recent U.S. Department of Commerce partnership announced on September 13. Current market activity reflects consolidation after the institutionally-fueled rally, with traders closely monitoring the $22.99 support level for potential continuation or reversal signals.

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