Overview

• The White House Digital Asset Report labels blockchain oracles critical infrastructure for powering stablecoins, tokenized assets and on-chain financial systems.
• LINK failed to secure a high-timeframe close above $18 and has retraced to roughly $16.64 despite formal government recognition.
• Analysts warn that breaking past $19.50 is essential to confirm a fresh rally, with potential upside toward $20 and low-volume resistance up to $25.
• Key support levels at $16, $14 and $11 outline downside risk if selling pressure accelerates in early August.
• Chainlink’s team continues talks with U.S. policymakers to establish compliant frameworks for secure digital asset infrastructure.