{"id":33503,"date":"2025-09-20T22:36:07","date_gmt":"2025-09-20T22:36:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/33503\/"},"modified":"2025-09-20T22:36:07","modified_gmt":"2025-09-20T22:36:07","slug":"can-chainlinks-tie-up-with-saudi-awwal-bank-propel-link-to-125","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/33503\/","title":{"rendered":"Can Chainlink’s tie up with Saudi Awwal Bank propel LINK to $125?"},"content":{"rendered":"

\t\t\t\t\t\t\t\t\t\t\"Avatar\"<\/p>\n

Journalist<\/p>\n

\t\t\t\t\t\t\t\t\t\tPosted: September 21, 2025<\/p>\n

\t\t\t\t\t\t\t\tKey Takeaways
\nWhy are investors bullish on Chainlink?<\/p>\n

News of partnerships, digital asset treasury strategy companies, and real accumulation from holders showed investors can be confident of their LINK holdings.<\/p>\n

What are the next price levels to watch?<\/p>\n

In the short term, $21.87 and $25.81 marked the extremes. In the long term, $31, $38, and $47 were the next key resistances.<\/p>\n

On the 17th of September, Chainlink [LINK]<\/a> announced that the Saudi Awwal Bank will be leveraging Chainlink services<\/a> to provide next-generation onchain applications in Saudi Arabia.<\/p>\n

The bank is one of Saudi Arabia\u2019s largest, with over $100 billion in total assets.<\/p>\n

Just a month ago, the network launched \u201cData Streams<\/a>\u201d to provide real-time, high-throughput pricing for traditional finance products across 37 different blockchains. The series of partnerships and developments bolstered investor sentiment.<\/p>\n

In other news, Caliber (CWD)<\/a>, a diversified real estate and digital asset management platform, announced the completion<\/a> of a $6.5 million LINK purchase for its digital asset treasury (DAT) strategy.<\/p>\n

\"Chainlink<\/a><\/p>\n

Source: CryptoQuant<\/a><\/p>\n

On-chain data showed that Chainlink<\/a> reserves on exchanges were at the lowest they had been since June 2022. The steady trend of LINK flowing off of exchanges was a hugely encouraging sight for long-term investors.<\/p>\n

It signaled a sizable accumulation over the years. It also quelled the threat of immediate sell-offs and promised steady price gains as holder conviction remained strong.<\/p>\n

The cup and handle pattern<\/a> spotted on the higher timeframe price charts signaled a possible bullish breakout to $125.<\/p>\n

What is the Chainlink price prediction for September?
\n\"LINK<\/a><\/p>\n

Source: LINK\/USDT on TradingView<\/p>\n

Despite the positive news developments and drop in exchange reserves, Chainlink saw uncertain momentum over the past month. The market structure on the daily timeframe was bullish, with the $21.87 level marking a swing low of note.<\/p>\n

There was a fair value gap, or an imbalance, just above the $20 level. The CMF was at +0.03 and was not indicative of strong capital inflows.<\/p>\n

The MFI was climbing higher to reflect bullish momentum.<\/p>\n

\"LINK<\/a><\/p>\n

Source: LINK\/USDT on TradingView<\/p>\n

Zooming in to the lower timeframes, a range formation between $21.87 and $25.4 was seen. At the time of writing, LINK was below the mid-range level at $23.64. This suggested that a price drop to the range lows was a possibility.<\/p>\n

Traders should keep an eye on the $23 short-term demand zone to see if the range lows will be revisited, or if Chainlink bulls can establish an upward move.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Bitcoin defies September slump: Mapping BTC\u2019s path to $130K<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Journalist Posted: September 21, 2025 Key Takeaways Why are investors bullish on Chainlink? News of partnerships, digital asset…\n","protected":false},"author":2,"featured_media":33504,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[12853,72,61,60],"class_list":["post-33503","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-ambcrypto","tag-business","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/33503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=33503"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/33503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/33504"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=33503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=33503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=33503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}