LINK token surpassed $10.60 after Chainlink co-founder Sergey Nazarov appeared at the White House on August 20, where he advocated for dollar-backed stablecoin adoption under the GENIUS Act. Ethereum infrastructure firm Nethermind also joined Chainlink as a node operator to secure its CCIP and Data Feeds. On the technical front, the RSI stands at around 64 and OBV improved, indicating buyers remain in control without the market being overstretched. LINK is now consolidating following its recent jump.
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