Chainlink News: LINK cryptocurrency rises above $10 after Sergey Nazarov's White House speech

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Key Insights

LINK prices returned to the US$10 mark today for the first time since May, making headlines in Chainlink news.

LINK's rise came after Chainlink founder Sergei Nazarov gave a speech on stablecoin applications next to President Trump at a tech leaders event.

Whales bet on a pullback after LINK prices retested key resistance levels. Why may liquidity rotation be bad for LINK?

According to the latest Chainlink headlines, the network's co-founder Sergey Nazarov's speech at a technology leaders event triggered market excitement. But is this enough to support further increases in LINK prices?

Unlike most mainstream currencies, LINK prices started to rise before bullish sentiment returned this week, thanks to favorable Chainlink news. According to TradingView data, as of press time, Chainlink prices were $10.6, up 19% in the past seven days.

This is the first time that LINK prices have exceeded $10 since mid-May. More importantly, its bullish momentum has pushed it into overbought territory.

In addition, LINK prices also retested the resistance zone in May. This is a potential turning point, and the liquidity rotation may start here.

However, the above technical indicators may imply potential price levels, but should not be regarded as deterministic forecasts. The cryptocurrency market remains highly volatile and may deviate significantly from technical expectations.

This document does not constitute financial advice and investors should conduct adequate due diligence or consult qualified financial professionals.

Chainlink News: Sergei Nazarov's speech triggers excitement and stablecoin recognition

One of the most exciting Chainlink news this week is not directly related to price movements, but about Chainlink co-founder Sergei Nazarov. He made some interesting remarks in a recent speech at the White House.

Next to U.S. President Donald Trump, Chainlink co-founders acknowledged that the adoption of stablecoins is driving growth in the use of the U.S. dollar. Nazarov also pointed out that the tokenization agenda is expected to expand global investment channels in U.S. stocks.

His speech emphasized the current U.S. government's agenda on stablecoins, and also highlighted the progress made so far by stablecoins and their importance in the Trump administration's plan for global dominance of the dollar.

Nazarov's speech also hinted at the role of the Chainlink network in the overall layout. The network has positioned itself as one of the most important infrastructure agreements supporting the tokenization agenda and global stablecoin promotion.

The question now is whether this will provide additional impetus for LINK prices to maintain a bullish trajectory. The cryptocurrency's gains over the past two weeks not only indicate increased confidence, but also reflect bullish expectations for some ambitious Chainlink price forecasts.

Why may LINK prices face liquidity rotation?

The fact that LINK prices have risen ahead of Bitcoin, Ethereum and other mainstream currencies may not work against bulls in the coming days. As mentioned earlier, LINK prices have just re-tested a major resistance level and are extremely overbought.

These two conditions could prompt more profit-taking and rotate liquidity to other underperforming currencies. CoinGlass data shows that spot inflows have cooled significantly in the past few days.

However, whale order book data also reveals another interesting development that may point to a correction in LINK prices. CoinGlass data shows that Link cryptocurrencies have weak whale inflows on major exchanges.

Only Coinbase showed positive net spot flow, just above $246,000. Binance net spot outflow was approximately US$1.3 million. In the past 24 hours alone, Binance derivatives positions have increased to US$77 million. At the same time, most mainstream currencies are in a period of bullish excitement.

Still, data suggests that some whales expect a correction in LINK prices. This is consistent with the liquidity rotation that may occur in the next few days. But this will depend on several factors.

The only way to avoid a correction in LINK prices is for market sentiment to continue to be high. This could trigger a return to the bull market, when the cryptocurrency could continue to rise.