Chainlink (LINK) experienced a 6% surge in price followed by a decline amid anticipations of US President Donald Trump’s reciprocal tariff announcement.
Despite the bearish pressure, on-chain analyst Ali Martinez suggests that LINK has a bullish trajectory and could rally to $35.
Chainlink's partnerships and collaborations are raising demand for the native token LINK, which potentially indicates a recovery in price.
The Chainlink ecosystem expansion, including the introduction of Payment Abstraction and partnerships with Cardano and Abu Dhabi Global Market, is contributing to optimism about LINK's long-term potential.