Chainlink LINK Jumps 5.15% as Saudi Banking Deal Ignites Bullish Momentum

Chainlink's LINK token surged 5.15% to $24.10 after Saudi Awwal Bank adopted its Cross-Chain Interoperability Protocol and Runtime Environment. This partnership advances Saudi Arabia's Vision 2030 digital transformation initiative, highlighting Chainlink's expanding institutional relevance beyond decentralized finance.

Technical indicators point to potential further gains, with the RSI sitting at a neutral 54.02. This follows last week's 4.29% recovery when LINK tested $25.51, showing resilience despite broader market uncertainty.

The banking sector adoption confirms Chainlink's oracle technology as essential infrastructure for traditional finance. Market analysts note sustained buying pressure on the LINK/USDT pair, indicating continued institutional interest in the token's real-world utility.