Sergey Nazarov's White House Speech Sparks Chainlink Price Rally Past $10

The Chainlink (LINK) cryptocurrency price has rallied past $10 for the first time since May, following a speech by Sergey Nazarov, co-founder of Chainlink, at the White House. During his address, Nazarov acknowledged growing stablecoin adoption and its potential to expand global access to US equities.

Despite being in overbought territory, LINK's price has maintained its bullish momentum, driven in part by favorable Chainlink news. The cryptocurrency retested May's resistance zone, a key pivot point where liquidity rotation may occur.

A few whales anticipated a potential retracement for the LINK price, which aligns with the possibility of liquidity rotation. However, this will depend on factors such as market sentiment remaining elevated.