Will LINK Explode After Chainlink’s US Government Deal With Commerce Dept?

TL;DR Chainlink and Pyth partner with the US Commerce Department to place official macroeconomic data ￰0￱ consolidates near $24 with resistance at $26.60; traders eye potential breakout or ￰1￱ adopts LINK in new treasury strategy, joining the rising corporate trend of digital asset ￰2￱ Commerce Department Works With Chainlink The US Department of Commerce has entered into a partnership with Chainlink to place official macroeconomic data ￰3￱ Bureau of Economic Analysis (BEA) said that it has already been published using Chainlink’s oracle ￰4￱ to the Department, a verified hash of second-quarter GDP data has been added to Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.

Coinbase, Gemini, and Kraken supported the publishing ￰5￱ Secretary of Commerce Howard Lutnick commented , “It’s only fitting that the Commerce Department and President Donald Trump, the Crypto-President, publicly release economic statistical data on the blockchain.” Furthermore, the Department stated that a proof of concept is planned to test government-wide blockchain use ￰6￱ move follows President Trump’s push to strengthen the United States’ position in digital ￰7￱ confirmed that six core indicators are now available ￰8￱ include Real Gross Domestic Product (GDP), the Personal Consumption Expenditure (PCE) index, and Real Final Sales to Private Domestic Purchasers, along with their percentage ￰9￱ added that the data will be refreshed monthly or quarterly and is currently distributed across ten blockchains, including Ethereum, Arbitrum, Avalanche, Base, and ￰10￱ networks will be added in the ￰11￱ Network, which also partnered with the Department, is helping distribute the same economic data across multiple ￰12￱ Price Action and Technical Setup Chainlink (LINK) was trading at around $24 with a daily volume of $2.87 ￰13￱ token is down 2% in the last 24 hours and 5% over the past ￰14￱ the chart, LINK recently staged a sharp rally, reaching resistance near $26.60 before ￰15￱ token is consolidating below that zone, with the 9-day EMA at $24.57 and the 50-day SMA near $20.24.

Analysts note that a breakout above $26.60 with volume could confirm an extension of the rally. A drop toward the $20–$21 range could serve as the next key support level.) strategy that features ￰16￱ company said it will purchase LINK for its reserves and seek to generate returns from its ￰17￱ move places LINK among a growing list of tokens being adopted by corporations as part of their treasury strategies.