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?
LINK challenges December 2025 highs
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.
Traders’ call to action — Stay bullish
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.
Final Summary
- Chainlink CCIP 2.0 and steady institutional interest could catalyze a bullish Q4 for the altcoin.
- Higher timeframe price action was showing signs of recovery and was beginning to establish an uptrend.
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