Chainlink ($LINK) reached a high of $23.92 due to new partnerships and integrations that highlight its role in advancing blockchain infrastructure.
Partnership with UBS and DigiFT
One major driver of growth is a new partnership with UBS and DigiFT. Under the Hong Kong government’s Cyberport program, Chainlink will automate tokenized fund operations. This collaboration aims to connect traditional asset management processes to blockchain networks, bringing part of the $132 trillion global asset management industry closer to on-chain finance.
Data Expansion on Sei
Chainlink has also expanded its data reach. Chainlink’s data streams are now live on the Sei blockchain, delivering real-time data feeds for U.S. equities, GDP metrics, and 300 different assets. This allows Sei to create new types of on-chain financial products and strengthens Chainlink’s position as the go-to oracle solution for DeFi applications.
Market Reaction and Price Outlook
The combination of these developments coincides with a strong technical move. Over the past week, LINK has steadily climbed to $23.92, with market sentiment and creator activity also showing an uptrend. If LINK can hold above $23 and turn it into support, traders may look to $26–$28 as the next resistance zone, with a longer-term goal of $30 and beyond.
Recent partnerships and developments in blockchain significantly strengthen Chainlink's market position, opening up new avenues for its future growth.
