The price of Chainlink ($LINK) rebounded more than 14% on Wednesday in a spectacularly rapid comeback.
LINK was trading at a low of $8.20 in the early morning hours of Tuesday UTC, according to Coingecko data. However, over the next 24 hours, it quickly climbed 14% back to the $9.35 level, briefly rising as high as $9.50 before dropping to its current price around $9.25.
This means that LINK is trading around its highest price since February 5. This sudden bullish move is driven by a dual catalyst: a major integration with the Canton network for tokenization of real-world assets (RWA) and sustained institutional inflows into LINK spot ETFs.
Additionally, Chainlink makes friends with regulators. In February alone, former Chainlink executive counsel Taylor Lindman joined the SEC’s Crypto Working Group, while its founder and CEO Sergey Nazarov joined the CFTC’s Innovation Advisory Committee.
Key takeaways
- The catalyst: Canton Network integration unlocks institutional RWA data feeds for Chainlink.
- The data: Grayscale’s GLNK fund now holds $61 million in assets, defying broader ETF exit trends.
- The configuration: $LINK must hold $9.16 to validate exit from oversold conditions.
Chainlink and Canton: Overview
This is not your typical partnership announcement. This demonstrates the deep roots of infrastructure. Chainlink has integrated with Canton Network, a dominant player in the RWA tokenization sector.
The integration introduces critical data feeds, including stocks, proof of reserves, and Cross-Chain Interoperability Protocol (CCIP) support, directly into Guangzhou’s institutional framework.
This is important because it moves Chainlink beyond simple price feeds. It positions the network as the connective tissue of institutional capital.
While recent macroeconomic catalysts have boosted Bitcoin, LINK’s specific outperformance is tied to utility.
Institutional funds vote with their portfolio. Grayscale’s Chainlink Trust (GLNK) fund now controls over $70 million in assets, while Bitwise’s CLNK holds over $11 million.
In a month where Bitcoin ETFs lost billions, LINK products are piling up.
On-chain accumulation supports the bullish thesis. Chainlink’s strategic reserves have grown to over 2.17 million tokens, currently valued at over $20 million.
The project uses off-chain fees to redeem its own token. This is a fundamental supply well. When combined with the emerging buy signals in the altcoin sector, LINK’s bottom appears to be hardening around the $8.00 mark.
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Chainlink Price Prediction: The Path to $10 and Beyond!

Momentum indicators favor the bulls. The RSI rebounded from 34 to 50 in a matter of hours, indicating that huge buy orders pushed it out of oversold territory and into a strong neutral zone.
Open interest is approaching $422 million, suggesting traders are coming back with leverage. If LINK breaks the psychological barrier of $10.00, its next major challenges will be around $17.50 and $25.
Conversely, if the price falls back below the 30-day moving average, the rally could collapse.
A close below $8.20 would invalidate the current rally and expose local support levels around $7.50.
Unfortunately, in the short and medium term, the industry is still too tied to the fate of Bitcoin. If Bitcoin fails, it will likely drag LINK down, regardless of township news or regulatory developments.
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The article Chainlink Price Rise: What’s Behind Today’s LINK Rally? appeared first on Cryptonews.



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