The Chainlink (LINK) price is strengthening as institutions buy more and market sentiment improves. The Trump organization recently purchased 177,928 LINK tokens worth $4.7 million. There has been an increase in LINK token takeouts from trading platforms and trading activity in LINK futures, indicating a potential price boost. Despite short-term price drops, the LINK price remains strong, with buyers returning to the $25-$26 range. Data shows that a significant number of LINK tokens have been withdrawn from exchanges, suggesting institutional entities are buying LINK. Analysts expect LINK's price to reach $35, with resistance levels at $27-$30. The rise in LINK futures open interest indicates growing market trust and value. Currently, the LINK price is $25.84, with a weekly increase of 28.54%. Chain activity and institutional buying are driving momentum for LINK, and positive chart patterns suggest it could reach $35 as the next major target.



Other News from Today