Sep 13, 2025
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Chainlink Price Nears $25 After Polymarket Partnership Announcement
Chainlink's Price Surge
- Chainlink price reached $25, marking a 15% weekly gain.
- This increase follows Polymarket adopting Chainlink’s feed for settling price-related wagers.
- The integration is live on the Polygon mainnet, enabling secure, real-time prediction markets across various crypto trading pairs.
- Chainlink provides low-latency, verifiable price reports and automated on-chain settlements, enhancing market resolution capabilities.
- Coinglass data shows Chainlink open interest at $1.7 billion, with a 0.02% decrease intraday and a 7.3% increase in trading volumes.
Technical Analysis
- Chainlink experienced a 15.9% rally over six sessions, reaching intraday peaks around $25.
- The SMAs crossing above each other formed a Golden Cross signal at $24. RSI is at 65, indicating potential for further upside.
- If LINK closes above $25, the next target could be $28. However, failing to hold above $24 might lead to a retest of the $23.30 support area.
SUBBD Presale Update
- SUBBD presale is gaining attention alongside Chainlink's institutional partnerships.
- Priced at $0.05625, the presale has raised $1.13 million out of its $1.4 million target.
