Chainlink’s native token, LINK, surged over 7% in the last 24 hours, reaching a multi-month high of $19.12 amid growing momentum in the altcoin market. The rally comes as Chainlink Labs announces its admission into the U.S. SEC’s Crypto Task Force, underscoring the protocol’s rising importance in shaping compliant asset tokenization frameworks.
LINK Hits Highest Price Since February
Between July 17 and 18, LINK jumped from $17.25 to $19.12, marking its strongest performance since February. The surge was accompanied by a broader altcoin rally, driven in part by the recent passage of key crypto legislation in Congress that’s improving regulatory clarity across U.S. digital markets.
Chainlink now trades in a consolidation range between $18.25 and $18.55, indicating a healthy retracement following its breakout.
SEC Task Force Membership Signals Institutional Confidence
Chainlink Labs confirmed it has been selected by the U.S. Securities and Exchange Commission (SEC) to participate in its Crypto Task Force. Alongside four other blockchain projects, Chainlink will contribute to developing compliance-focused frameworks for tokenized assets—a key milestone in bridging traditional finance and blockchain.
“Only Chainlink provides the compliance, privacy, cross-chain, and data infrastructure needed to scale digital asset adoption in a single platform,” the team said in an official statement.
This inclusion validates Chainlink’s role in enabling secure and compliant real-world data integration for blockchain networks—especially critical for tokenized securities, real-world assets (RWAs), and stablecoin ecosystems.
Technical Indicators Suggest Continued Momentum
Technical analysis shows a strong bullish structure:
- Resistance was tested at $19.12, while support held at $18.33.
- Key consolidation range: $18.25–$18.55
- Additional support zones: $17.65
- Next resistance targets: $18.90 and $19.12
With institutional interest rising and LINK holding above its short-term support, the technical setup points toward continuation of the broader uptrend.
LINK Poised for Further Upside
Chainlink’s combination of strong technical momentum and regulatory engagement positions it as a leading infrastructure protocol in the evolving digital asset landscape. As the SEC moves forward on tokenization standards, Chainlink’s influence—and potentially LINK’s price—may continue to grow.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.