Chainlink Price Reclaims Key Moving Averages Amid Institutional Integrations
Chainlink's price has recovered above key moving averages as it continues to attract institutional relevance. The cryptocurrency is currently trading between $9.42 and $10.53, reclaiming its 50-day SMA at $8.34 and 200-day SMA at $8.78.
The network is adding institutional relevance through S&P Global's on-chain Stablecoin Stability Assessments and the Chainlink Reserve, which provides a supply-side story through programmatic open-market LINK purchases.
This support is reflected in the latest LINK price prediction, which places the cryptocurrency near $11.57 by year-end and keeps $12 relevant to the forecast.
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