{"id":59590,"date":"2025-09-17T15:04:40","date_gmt":"2025-09-17T15:04:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/chainlink-price-outlook-saudi-awwal-bank-partnership-and-shrinking-reserves-signal-bullish-breakout\/"},"modified":"2025-09-17T15:04:40","modified_gmt":"2025-09-17T15:04:40","slug":"chainlink-price-outlook-saudi-awwal-bank-partnership-and-shrinking-reserves-signal-bullish-breakout","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/chainlink-price-outlook-saudi-awwal-bank-partnership-and-shrinking-reserves-signal-bullish-breakout\/","title":{"rendered":"Chainlink price outlook: Saudi Awwal Bank partnership and shrinking reserves signal bullish breakout"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/chainlink-ice-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/chainlink-ice-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/chainlink-ice-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/chainlink-ice-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Saudi Awwal Bank taps Chainlink to build regulated on-chain finance apps.<\/li>\n<li>LINK exchange reserves have fallen to multi-year lows, signalling accumulation.<\/li>\n<li>LINK\u2019s price has held the $23 support but faces strong resistance near the $25 level.<\/li>\n<\/ul>\n<p>Chainlink\u2019s LINK token is holding firm near $23 as its partnerships expand and exchange balances fall to multi-year lows.<\/p>\n<p>The combination of institutional adoption, a push into artificial intelligence (AI) infrastructure, and tightening token supply has set the stage for a potential breakout, though traders remain cautious at critical resistance levels.<\/p>\n<h2>Saudi Awwal Bank partners with Chainlink for blockchain finance<\/h2>\n<p>Saudi Awwal Bank, one of the largest banks in the Kingdom with more than $100 billion in assets, has signed an agreement with Chainlink to begin building regulated on-chain finance applications.<\/p>\n<p>Developers at the bank will use Chainlink\u2019s Cross-Chain Interoperability Protocol (CCIP) and Chainlink Runtime Environment (CRE) to create tokenised applications that can connect Saudi markets to global blockchain networks.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Saudi Awwal Bank (<a href=\"https:\/\/twitter.com\/alawwalsab?ref_src=twsrc%5Etfw\">@alawwalsab<\/a>), one of Saudi Arabia\u2019s largest banks with over $100 billion in total assets, is leveraging several Chainlink services to facilitate the deployment of next-generation onchain applications in Saudi Arabia.<\/p>\n<p>Under the innovation agreement, SAB is\u2026 <a href=\"https:\/\/t.co\/DAvUawI3Yg\">https:\/\/t.co\/DAvUawI3Yg<\/a> <a href=\"https:\/\/t.co\/Zhlm1GJdGp\">pic.twitter.com\/Zhlm1GJdGp<\/a><\/p>\n<p>\u2014 Chainlink (@chainlink) <a href=\"https:\/\/twitter.com\/chainlink\/status\/1968062864067080231?ref_src=twsrc%5Etfw\">September 16, 2025<\/a><\/p>\n<\/blockquote>\n<p>The agreement aligns with Crown Prince Mohammed bin Salman\u2019s Vision 2030, which aims to diversify the economy beyond oil revenues.<\/p>\n<p>By partnering with Chainlink, the bank is opening a path for tokenised capital markets, an industry valued at more than $2.3 trillion in Saudi Arabia.<\/p>\n<p>This move could accelerate the adoption of regulated blockchain infrastructure in the region, placing Chainlink at the heart of institutional finance in the Middle East.<\/p>\n<h2>Chainlink\u2019s institutional push meets AI expansion<\/h2>\n<p>The Saudi deal comes on the heels of another strategic move.<\/p>\n<p>On September 16, Chainlink <a href=\"https:\/\/x.com\/chainlink\/status\/1967984224801079377\">announced<\/a> it had joined AethirCloud\u2019s AI Unbundled Alliance, a program designed to advance Web3 artificial intelligence infrastructure.<\/p>\n<p>Through this initiative, Chainlink will provide its CRE platform to developers working on AI-powered decentralised applications while also funding hackathon bounties and targeted grants.<\/p>\n<p>By joining the alliance, Chainlink has extended its role from powering <a href=\"https:\/\/coinjournal.net\/news\/tag\/defi\/\">decentralised finance (DeFi)<\/a> to enabling verifiable AI workflows across both <a href=\"https:\/\/coinjournal.net\/news\/tag\/blockchain\/\">blockchain<\/a> and traditional systems.<\/p>\n<p>This broadens Chainlink\u2019s appeal and positions LINK as a critical piece of infrastructure in the next phase of Web3 adoption.<\/p>\n<h2>Shrinking LINK reserves point to accumulation<\/h2>\n<p>While adoption headlines are encouraging, on-chain data may be giving an even clearer signal.<\/p>\n<p>The number of LINK tokens held on centralised exchanges has dropped from nearly 200 million in 2023 to about 158.1 million in September 2025.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LINK<\/a> on exchanges hit a multi-year low while the biggest institutions on the planet are adopting Chainlink <a href=\"https:\/\/t.co\/0g78TjNZDu\">pic.twitter.com\/0g78TjNZDu<\/a><\/p>\n<p>\u2014 Quinten | 048.eth (@QuintenFrancois) <a href=\"https:\/\/twitter.com\/QuintenFrancois\/status\/1967928660280914355?ref_src=twsrc%5Etfw\">September 16, 2025<\/a><\/p>\n<\/blockquote>\n<p>The steady decline reflects accumulation by long-term holders and reduces the amount of supply available for immediate sale.<\/p>\n<p>In previous cycles, sharp drops in exchange reserves have often preceded major rallies.<\/p>\n<p>This trend, combined with growing institutional partnerships, has strengthened the bullish case for LINK despite recent market hesitation.<\/p>\n<p>Notably, the shrinking reserves are a sign of tightening liquidity that could fuel a price breakout if demand rises.<\/p>\n<h2>Chainlink price outlook points to a potential breakout<\/h2>\n<p>The current mix of supply-side tightening, expanding institutional use cases, and Chainlink\u2019s entry into AI infrastructure has created a constructive backdrop for LINK.<\/p>\n<p>While short-term sentiment shows caution, the long-term setup is tilted toward growth as demand converges with reduced token availability.<\/p>\n<p>At press time, LINK traded at $23.28 with a market capitalisation of $15.79 billion, according to Coingecko.<\/p>\n<p>The token has traded between $23.18 and $23.73 in the past 24 hours and remains up more than 119% over the past year.<\/p>\n<p>However, it is still trading 55% below its all-time high of $52.70 set in May 2021.<\/p>\n<p>Technical indicators suggest a period of consolidation, with LINK holding support above $23.<\/p>\n<p>However, bulls face heavy resistance at $25. A decisive close above that level could open the way to $26.1 and beyond.<\/p>\n<p>If adoption in Saudi Arabia accelerates and the AI alliance delivers traction, traders believe Chainlink could overcome resistance and aim for higher targets, with some analysts pointing to $52 as a possible milestone by year-end.<\/p>\n<p>On the downside, a break below $23 risks a retreat toward $20 or even $19.53, which analysts view as a key support zone.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/chainlink-price-outlook-saudi-awwal-bank-partnership-and-shrinking-reserves-signal-bullish-breakout\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Saudi Awwal Bank taps Chainlink to build regulated on-chain finance apps. LINK exchange reserves have fallen to multi-year lows, signalling accumulation. LINK\u2019s price has held the $23 support but faces strong resistance near the $25 level. Chainlink\u2019s LINK token is holding [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":59591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/59590"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=59590"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/59590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/59591"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=59590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=59590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=59590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}