Can Chainlink’s partnership with Saudi Awwal Bank drive LINK prices to $125?
Source: CoinWorld
Time: 2025-09-21 05:10:36
Chainlink (LINK) has won investor confidence by joining forces with Saudi Awwal Bank and Caliber to acquire $6.5 million in LINK for its fund management strategy. On-chain data shows that foreign exchange reserves are at their lowest level since June 2022, indicating strong increase in reserves and reduced risk of selling. Although short-term momentum is uncertain, technical analysis shows that key resistance is at $21.87 and $25.81, and long-term targets are at $31, $38 and $47. The cup handle pattern indicates a bullish breakthrough with a target of $125.