Reviewed by Reviewed by Jibin Mathew George Updated 03:00 EDT October 1, 2026 Share Share Share Back to Top Chainlink [LINK] launched the Cross Chain Interoperability Protocol 2.0 recently, allowing institutions to have greater control over asset flows between chains. The launch coincided with tokenization, payments, and stablecoins gaining traction with institutions
As it stands, there is increasing more demand for cross-chain infrastructure. Chainlink’s partnership with SWIFT gave it a bridge to TradFi too
In other news, Grayscale bought 159,480 LINK valued at $2.36 million via its Chainlink ETF. The combined September purchases came to 629,100 LINK, worth around $8.3 million
Bitwise filed a new SEC prospectus for its Chainlink ETF that would also allocate 20% of the fund’s holdings towards staking
Hence, the question — Can the ETF news and the CCIP 2.0 launch catalyze a bullish price reaction?
Chainlink has shifted its weekly structure bullishly. The $10.87 swing level from May was breached in mid-August (green), and retested as support too. This retest was the launchpad for the move to the next key swing level at $15.01 (white)
A weekly session close above this swing level too would be an encouraging sight. The DMI indicator highlighted a strong uptrend in progress, in agreement with the weekly structure’s findings
The RSI on this timeframe was not yet overbought, nor did it show any kind of bearish divergence yet. The OBV has also been recovering since July, showing steady buying pressure
Overall, the odds of a bullink LINK recovery in the coming months seemed to be good. A price drop below $10.6 would be the first sign of trouble
The 4-hour structure has been bullish. The retracement from $15.77 dropped from just under $14 and into a local demand zone that had formerly been a resistance in late August. So far, the bulls have defended this area
Technically, a Chainlink retracement down to $12.85 may be possible, especially if Bitcoin [BTC] sees significant selling pressure and is forced to correct below $80K
However, the H4 swing structure would be bullish so long as the price remains above $12.05. At the time of writing, the evidence showed that a price dip below $13.91 would be a buying opportunity
Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories
