Chainlink rose 7.13% over the day to $11.82 after several developments boosted the token. Bottomline, a SWIFT services provider, partnered with Chainlink to enable more than 600 banks to access blockchain settlement. Wyoming also added Chainlink’s Proof of Reserve (real-time reserve verification) to its state-issued FRNT stablecoin (crypto token pegged to a reference asset), allowing real-time tracking of reserves and supply. The token also benefited from a broader risk-on market rally after Fed Governor Christopher Waller eased investor concerns about aggressive rate hikes mid-month. LINK has gained 45.78% over the last month, supported by August’s broader upward momentum. TechCharts said the token still faces technical hurdles after falling more than 40% at the start of the year when it broke below a symmetrical triangle pattern, reaching $7.2. It then formed a local bottom between $7.2 and an $8.6 ceiling, consolidated for several months, and recently moved above supply barriers at $8.6 and $10.9. A sustained bullish reversal requires a break above the horizontal supply cluster around $12.7, which could open a retest toward the $14.6 psychological pivot. If the $7.2 local bottom fails, a retest of the historical $5.4 floor becomes probable. Market risks also include the Middle East conflict and a possible delay to the Senate vote on the CLARITY Act. Although Waller has eased rate-hike concerns, the Fed’s next course remains uncertain as inflation stays at a multi-month high above 2%.