These certifications, verified by Deloitte & Touche LLP, cover Chainlink’s Price Feeds, SmartData (Proof of Reserve, Net Asset Value), and its Cross-Chain Interoperability Protocol (CCIP).
Chainlink’s Growing Institutional Stronghold
Chainlink currently manages over $90 billion in on-chain value, powering protocols like Aave, GMX, Pendle, Compound, and Ether.fi, according to a blog post.
Meanwhile, its CCIP standard has been adopted by traditional giants such as Swift, UBS, ANZ Bank, and SBI Digital Markets, bridging the gap between DeFi and traditional finance.
Unlike other blockchain networks that focus narrowly on smart contracts or layer-1 ecosystems, Chainlink seeks to become an all-in-one oracle platform, addressing data, interoperability, compliance, privacy, compute, and legacy integration.
The daily LINK/USDT chart shows LINK trading within a strong ascending channel, currently consolidating around $26 after a sharp rally.
The immediate resistance lies near $28–29, a historically strong supply zone marked on the chart. A breakout above this level could propel LINK toward the $32–35 range.
Meanwhile, the support sits at $21.5–22, coinciding with the mid-Bollinger Band and a prior breakout zone. Losing this level may send LINK back to the $18–19 range, where it last consolidated.
The RSI at 65.9 suggests LINK is nearing overbought territory but still has room for upside. Positive readings on the Chaikin Money Flow (CMF) and Accumulation/Distribution indicators highlight strong buying pressure.
In short, LINK is positioned for a potential breakout if bulls can sustain momentum above $28, possibly setting up a challenge to ADA’s top-10 dominance in the coming weeks.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.