Chainlink News: LINK Crypto Rallies Past $10 After Sergey Nazarov’s Speech At The White House

Key Insights:

• LINK price was in the primary Chainlink news today as it reclaims the $10 price tag for the first time since May.
• LINK rally occurred after Chainlink founder Sergey Nazarov’s address about stablecoin uptake while next to President Trump during the technology leaders’ event.
• Whales bet on a LINK price retracement after retesting key resistance level. Why liquidity rotation may disfavor LINK.

In the latest Chainlink headlines, the network’s co-founder, Sergey Nazarov, has sparked excitement courtesy of his speech at the technology leaders’ event. But is this enough to sustain more LINK price upside?

Unlike most top coins, LINK price had been rallying before the return of bullish excitement this week, driven by favorable Chainlink news. For context, the Chainlink price exchanged hands at $10.6 at press time, after rallying by 19% in the last seven days, TradingView data showed.

This was the first time that LINK price managed to push past $10 since mid-May. More importantly, its bullish momentum has firmly put it in overbought territory.