Overview

• LINK rose about 6% to roughly $25.7 after Chainlink said it will publish BEA economic indicators on‑chain, with traders eyeing a break over the eight‑month barrier near $27 before a potential move toward $30.
• The new feeds will provide Real GDP, the PCE Price Index and other metrics with monthly or quarterly updates across 10 networks including Ethereum, Arbitrum, Avalanche and Optimism, with Chainlink noting engagement with U.S. regulators such as the SEC.
• Earlier this week LINK failed to hold a breakout near $27.87 and slid into the $23–$24 area on lighter volume, shifting focus to key supports at ~$23.5 and the $21 confluence zone.
• Analysts say losing $23.5 or $21 could open a path toward ~$19–$20, whereas reclaiming resistance as support would keep multi‑year triangle breakouts in play with targets around $31, $50 and potentially $98–$100.
• Institutional themes remain a tailwind in commentary, including SBI Group’s integration plans for Chainlink services and a Bitwise filing for a LINK ETF, which observers say could bolster medium‑term demand.