- Chainlink’s breakout above a long-term channel signals trend reversal, with LINK holding $16.96 as support after rebounding from the $12–$13 zone.
- Partnerships with SWIFT, DTCC, and JPMorgan show Chainlink’s integration into financial infrastructure and reinforce institutional confidence in the project.
- LINK’s collaboration with Solana, WLFI, and its growing use of CCIP point to Chainlink’s expanding cross-chain and tokenized asset ecosystem role.
Chainlink continues to show strength after breaking out of a long-term descending channel. With technical indicators pointing upward, market watchers are closely tracking price movement and strategic developments that could support continued growth.
Chainlink Sustains Technical Breakout Above Key Resistance
Chainlink has moved beyond a descending channel, with LINK/USDT now holding above the $16.96 level. This breakout came after a bounce from the $12–$13 demand zone, a level with consistent historical buying interest. The price now trades just above the upper trendline of the former downtrend.
The weekly chart shows rising momentum, with the RSI climbing and the Stochastic RSI displaying a bullish crossover. These patterns, near the overbought zone, reflect strong buyer interest. Volume is also rising, which confirms sustained accumulation during this phase.
Traders are observing the $18.50–$20 resistance level, where historical support and a Fibonacci level intersect. A weekly close above this range may allow LINK to advance toward $24 and $28 targets. However, if it fails to hold $16, a retest of $14 remains possible.
Institutional Engagement Strengthens Chainlink’s Position
CryptoED noted on X that he has never been more bullish on Chainlink. His post pointed to several recent institutional developments supporting this outlook. Chainlink has held a meeting with SWIFT, which plans to begin using the network in November.
Chainlink’s reported collaboration with DTCC—one of the largest post-trade financial services firms—suggests integration with key infrastructure. The project also engaged with BlackRock and recently collaborated with ONDO and JPMorgan.
These developments show Chainlink’s growing presence within both traditional finance and decentralized ecosystems. Each engagement highlights the network’s push to become essential infrastructure for secure data transfer and tokenized financial systems.
Chainlink Expands Through Cross-Chain and Ecosystem Projects
Chainlink’s strategic ties also extend to ecosystem-based projects. CryptoED mentioned LINK’s association with WLFI, tied to the USD1 initiative, which has been linked to President Donald Trump. The project is also collaborating with Solana (SOL), increasing its reach across chains.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) remains to make waves within the blockchain community. More and more protocols need seamless interoperability and the usage of CCIP could prove important in future development.
Price structure, volume, and rising momentum point toward strong accumulation. If LINK maintains current levels and breaks above the $20 resistance zone, the path to higher targets may open over the coming weeks.
