Chainlink has continued to experience bullish price action, with the token recently surpassing $45. This follows a strong technical structure that includes crucial support at the $23 level. Experts believe a breakout above the current resistance at $31 could unlock further gains towards $47. 2025’s Chainlink price outlook relies on this bullish momentum and is fueled by growing interest in DeFi applications and institutional investments. 2025 has seen strong performance from Chainlink ($LINK) driven by a favorable Elliott Wave structure, indicating potential for continued growth. The article details the company’s recent partnership with the US Department of Commerce to provide macroeconomic data on-chain. This move could boost Chainlink’s role in blockchain adoption as it connects government data to decentralized networks, attracting institutional investors and increasing confidence in decentralized platforms.