Chainlink Price Rises as Donald Trump’s World Liberty Financial Accumulates LINK Amid BlackRock Partnership Speculation
Highlights
- Chainlink price has climbed for six consecutive weeks, driven by major entity purchases.
- World Liberty Financial, linked to Donald Trump, has acquired significant amounts of LINK.
- Speculation grows about a potential partnership between Chainlink and BlackRock.
Why is Chainlink Price Surging?
Chainlink (LINK) has experienced a robust rally, supported by Bitcoin’s rise, whale accumulation, and key partnerships. On-chain data reveals that Donald Trump’s World Liberty Financial (WLFI) has acquired LINK tokens worth over $2.3 million, fueling market optimism. Speculation about a potential collaboration between Chainlink and BlackRock, the world’s largest asset manager with $11.5 trillion in assets, has added to the bullish sentiment.
Trump’s LINK Purchases and BlackRock Speculation
World Liberty Financial’s recent acquisitions of LINK, along with its holdings in Ethereum, Tether, and AAVE, highlight the growing institutional interest in the token. These purchases follow reports suggesting a possible partnership between Chainlink and BlackRock.
BlackRock’s increasing presence in the crypto space makes such a collaboration plausible. Meanwhile, Chainlink has continued to secure notable partnerships, including deals with Coinbase and Emirates NBD, a major bank managing over $200 billion in assets. 
Technical Analysis: LINK’s Bullish Momentum
Technical indicators suggest that Chainlink’s price may continue to rise:
- Andrew’s Pitchfork Breakout: LINK has crossed the upper boundary of this tool, often signaling further gains.
- Key Resistance Levels: LINK has surpassed the $22.93 resistance level, the highest point since March, and the neckline of a slanted double-bottom pattern.
- Fibonacci Retracement: The price is now above the 50-week moving average and the 50% retracement level.
The next targets for LINK are $34.90 (61.8% retracement) and $42.90 (78.6% retracement), with a long-term goal of reaching $53—a potential 85% increase from current levels. 
Potential Risks
Despite the optimistic outlook, a drop below the $20 psychological support could invalidate the bullish forecast, signaling further downside. Alternatively, a retest of the $22.93 support level before resuming the uptrend, known as a “break and retest” pattern, could confirm the continuation of LINK’s bullish trajectory.
With sustained momentum, whale activity, and potential strategic partnerships, Chainlink appears poised for further growth in the coming weeks.
