TLDR
- Chainlink CEO Sergey Nazarov met with SEC Chairman Paul Atkins to discuss tokenization compliance and regulatory framework
- LINK trades at $22.05 with 1.03% daily decline, holding above critical $19.53 support level
- Multi-year symmetrical triangle pattern suggests potential drop to $16 before targeting $100
- Token maintains $15.1 billion market cap and ranks 13th globally among cryptocurrencies
- Technical indicators show bearish momentum with MACD below signal line and RSI at 46.75
Chainlink CEO Sergey Nazarov recently met with Securities and Exchange Commission Chairman Paul Atkins to discuss the future of asset tokenization and blockchain compliance. The meeting took place on Friday at the SEC headquarters.
🚨JUST IN: CHAINLINK COFOUNDER CONFIRMS SUCCESSFUL SEC MEETING ON ON-CHAIN COMPLIANCE! pic.twitter.com/7FO8AwjKxA
— Coin Bureau (@coinbureau) September 7, 2025
Nazarov expressed optimism about the regulatory shift under Atkins’ leadership. He noted the agency has moved away from questioning whether blockchain innovations should be permitted in the financial system.
Instead, the focus has shifted to how tokenization can be implemented with maximum efficiency and market safety. Nazarov believes this change in approach will accelerate blockchain adoption in traditional finance.
The Chainlink CEO predicts that real-world asset tokenization will eventually surpass cryptocurrency market capitalization. He expects full tokenization integration within broker-dealer and transfer agent rules by mid-2026.
Nazarov also met with Patrick Witt, the White House’s new crypto liaison, on the same day. He praised both the SEC and White House for their urgency and speed in addressing blockchain infrastructure needs.
Chainlink Price Prediction
From a price perspective, Chainlink currently trades at $22.05 according to TradingView data. The token has declined 1.03% in the past 24 hours.
LINK reached an intraday peak near $22.45 on September 6 before entering a downward trend. A minor recovery was recorded toward the session’s close, showing ongoing buyer support.
The cryptocurrency maintains its position as the 13th largest digital asset by market capitalization. Its current market cap stands at approximately $15.1 billion with 678,099,970 tokens in circulation.
Daily trading volume reaches roughly $1.23 billion, indicating strong liquidity and active participation across major exchanges. This volume supports the token’s market stability despite recent price weakness.
Technical indicators present a bearish outlook in the short term. The MACD line sits below the signal line with histogram bars turning increasingly negative.
Long-Term Triangle Pattern Emerges
A multi-year symmetrical triangle pattern has formed on LINK’s price chart. This technical formation suggests a potential decline toward the $16 level before any major upward movement.
A dip to $16 could be the most bullish setup for Chainlink $LINK. It sets the stage for a breakout to $100! pic.twitter.com/k2NDdLJxVU
— Ali (@ali_charts) September 6, 2025
The $16 zone represents the ascending support line of the triangle pattern. Large holders view this level as a strategic accumulation opportunity based on whale activity patterns.
If the token bounces from $16, the next resistance levels appear at $25-$27. A breakout above this range would target the macro pivot point at $31.
The $31 level has historically capped previous rallies, making it crucial for any sustained upward trend. Success above this zone could open the path toward the previous all-time high around $50-$52.
The symmetrical triangle’s height suggests an eventual target of $100 once a full breakout develops. While ambitious, this projection reflects the potential magnitude after years of consolidation.
Current technical readings show the Relative Strength Index at 46.75, below the neutral 50 level. This confirms bearish forces currently outweigh bullish activity.
The token hovers just above key support at $19.53, marked as a critical level to watch. A breakdown below this zone could accelerate selling pressure and deepen losses.
Market participants view the current setup with both caution and optimism. Many expect an explosive move once the consolidation pattern resolves definitively.
The U.S. Department of Commerce selected Chainlink’s network last week to issue GDP data via blockchain for the first time. This represents growing institutional adoption of the platform’s oracle services.
