{"id":22764,"date":"2026-02-25T16:58:38","date_gmt":"2026-02-25T16:58:38","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-chainlink-price-is-soaring-today\/"},"modified":"2026-02-25T16:58:46","modified_gmt":"2026-02-25T16:58:46","slug":"heres-why-chainlink-price-is-soaring-today","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-chainlink-price-is-soaring-today\/","title":{"rendered":"Here\u2019s why Chainlink price is soaring today"},"content":{"rendered":"
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Chainlink price rebounded by over 14% on Wednesday, reaching its highest level since February 5.<\/p>\n

Chainlink (LINK) token rose to a high of $9.35, up by over 30% from its lowest level this month. This rebound has brought its market capitalization to over $6.6 billion.<\/p>\n

Top reasons why the LIN price is soaring<\/h2>\n

Chainlink price rose as the crypto market rally resumed, with Bitcoin and most altcoins being in the green. Bitcoin jumped to $67,000, while the market capitalization of all tokens rose by over 5% to over $2.33 trillion.<\/p>\n

LINK token is also benefiting from sustained demand from American investors. Data compiled by SoSoValue shows that spot LINK ETFs have accumulated over $10 million in assets this month, bringing their cumulative total to over $85 million.\u00a0<\/p>\n

These funds now have over $71 million in assets, with Grayscale\u2019s GLNK having $61 million. Bitwise\u2019s CLNK has $9.75 million in assets. In contrast, spot Bitcoin and Ethereum ETFs have shed billions of assets in the past few months.<\/p>\n

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Chainlink price is also rising after integrating with Canton, one of the biggest players in the real-world asset tokenization industry. The integration introduces data streams on equities, smart data, proof of reserves, and CCIP.<\/p>\n

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JUST IN: @CantonNetwork<\/a> adopts Chainlink data and interoperability standards to unlock institutional tokenization.<\/p>\n

\u2705Data Streams (incl. 24\/5 equities)
\u2705 SmartData (NAV & AUM)
\u2705 Proof of Reserve
\u2705 CCIP<\/p>\n

Canton \ud83e\udd1d Chainlink pic.twitter.com\/49UV9NNxJ3<\/a><\/p>\n

\u2014 Chainlink (@chainlink) February 25, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Other recent integrations in the network are Robinhood, Arc, the layer-1 network built by Circle, World, and MagaEth.<\/p>\n

Meanwhile, Chainlink has continued to accumulate LINK tokens as part of its Strategic LINK Reserves. Data shows that these reserves have jumped to over 2.17 million currently worth over $19.7 million. These purchases will continue growing in the coming years as Chainlink plans to use its off-chain fees to accumulate more tokens.<\/p>\n

Still, the main risk is that the ongoing Chainlink price rebound is a dead-cat bounce, also known as a bull trap. A bull trap is a situation where an asset in a freefall bounces back and then resumes the downtrend.\u00a0<\/p>\n

Chainlink price prediction: Technical analysis\u00a0<\/h2>\n
LINK price chart | Source: crypto.news<\/figcaption><\/figure>\n

The daily timeframe chart shows that the LINK price has remained in a bear market in the past few months despite its strong fundamentals.<\/p>\n

It dropped from a high of $27 to the current $9.4. It has remained below all moving averages and the key support level at $10, which was its lowest level on April 6 last year.<\/p>\n

LINK price remains below the 50-day and 100-day Exponential Moving Averages and the Supertrend indicator. Also, it formed a small double-bottom pattern at $8.036 and a neckline at $9.18.<\/p>\n

Therefore, the most likely scenario is where it remains under pressure in the coming weeks as risks, including the potential attack on Iran, <\/strong>remain. A complete rebound will be confirmed if it moves above the key resistance level at $10 and flips the short and medium-term moving averages.<\/p>\n

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