Crypto
Chainlink Price Holds Above Cup Base as Breakout Looms Near $11
Chainlink's price has been consolidating near $10.45 after a rally exceeding 10% the previous day, but remains well above its cup base of $6.50.
The consolidation is likely routine profit-taking rather than a reversal, with LINK still in striking distance of the $11 breakout level.
Chainlink co-founder Sergey Nazarov credited regulatory support for record stablecoin adoption at a White House tech event, which may have contributed to Chainlink's current price action.
Ethereum infrastructure firm Nethermind left LayerZero to become a Chainlink CCIP node operator, strengthening crypto infrastructure and adoption.