Key Insights:
- Chainlink maintains firm support above $16.90, indicating consistent demand and a stable accumulation phase within the current market structure.
- AllUnity’s CCIP integration and reserve growth have reinforced Chainlink’s institutional base and cross-chain adoption potential.
- A confirmed breakout above $19 could open a clear path toward $25, aligning with ongoing market momentum and technical strength.
Chainlink has maintained firm price stability even as broader crypto markets show mixed movement. The token’s steady performance reflects growing institutional alignment following AllUnity’s integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to expand its EURAU initiative.
The collaboration, supported by Deutsche Bank and DWS, strengthens Chainlink’s foothold in regulated tokenization and cross-chain finance. It also allows seamless movement of euro-backed digital assets across multiple blockchains, signaling an expanding bridge between traditional finance and decentralized ecosystems.
LINK Holds Support and Prepares for Breakout
LINK has continued trading above the $16.90 range, a level that has repeatedly confirmed strong buyer demand. Chart analysis shows a double-bottom pattern near $16.38, which indicates that buyers have consistently defended this zone.
However, the descending resistance from early October remains a challenge, as the price faces selling pressure near $19.16. Once the token surpasses this threshold, it could move toward $20.22, with further potential gains extending toward $23.50 and $25.
Analysts Highlight Path to Higher Levels
Market analysts maintain a constructive outlook on LINK’s trajectory. CryptoWZRD emphasized that a close above $19 would confirm a bullish breakout, keeping sentiment favorable as long as prices remain above $16.90.
Analyst Ali noted that LINK’s tightening symmetrical triangle could signal a significant upward movement, potentially leading to a long-term rally. Reduced volatility in recent sessions also suggests that the market is preparing for a stronger directional shift.
Besides market performance, Chainlink’s fundamentals have strengthened. The Chainlink Reserve added 64,445 LINK, pushing total holdings above 651,000 LINK. This expansion underscores continued development support and liquidity stability within the network.
