- •Chainlink’s LINK hovers above $22 as investors monitor a key $22.80 resistance for potential bullish breakout.
- •Institutional partnerships with SWIFT and Deutsche Börse strengthen Chainlink’s role in bridging real‑world assets and blockchain systems.
Chainlink (LINK) is trading at $22.20, reflecting a 0.90% increase in the last 24 hours, with a market capitalization of $15.06 billion and a daily trading volume of $809.6 million.
LINK’s performance has been steady, gaining 2.4% over the past week, with a marginal 0.4% decline over the month, but its six‑month growth remains strong at 103.4%, underscoring continued investor confidence in its oracle infrastructure.
Chainlink’s network has solidified its role as the industry‑standard oracle platform, enabling secure data transfer between blockchain systems and real‑world financial networks.
Recent headlines emphasize that LINK’s price action has formed a “cup and handle” pattern, a formation often associated with bullish continuations, with traders watching the $22.80 resistance level as a key breakout threshold.
According to TradingView’s technical summaries, the asset is currently in a neutral zone, trading just above its 200‑day simple moving average ($21.94). The RSI hovering near 56 indicates cooling momentum, but analysts note that strong on‑chain fundamentals could support renewed accumulation.
From a broader market perspective, institutional adoption remains Chainlink’s primary catalyst. The network has enabled the tokenization of traditional assets through partnerships with Deutsche Börse and SWIFT, allowing financial institutions to bridge their existing infrastructures to blockchain‑based systems securely.
These integrations have established Chainlink as a foundational layer for on‑chain data interoperability, particularly within the growing market for tokenized real‑world assets (RWAs).
ETHNews Prediction: If LINK maintains support above $21.80 and successfully breaks $22.80, it could target $24.50–$25.00 in the short term. A rejection near resistance could lead to short‑term consolidation between $21.00 and $22.00, before another upward attempt.