Technically, LINK has broken down from its ascending structure formed in Q4 2024, confirming a bearish reversal. Price is now consolidating below the 200-day and 50-day moving averages, which have both turned downward.
RSI remains weak near the 35-40 level, and MACD shows no current bullish divergence, indicating momentum still favors sellers. The next key support sits at $11.80-$12.00, while resistance remains firm at $13.80-$14.40. A break above this range with sustained volume would be necessary to reestablish bullish structure.
Current trading volume is approximately $271 million in 24 hours, with a market capitalization of $8.41 billion, based on a circulating supply of 657 million LINK tokens. LINK still has no maximum supply cap, which has led to past inflation concerns, but emissions have been significantly reduced compared to earlier years.
Just this week, Chainlink Labs reaffirmed its collaboration with SWIFT, stating during a fintech roundtable that CCIP (Cross-Chain Interoperability Protocol) will be a foundational layer for interbank communication across public and private blockchains. These pilot programs are expected to scale into production environments in the second half of 2025, especially as more traditional finance begin testing tokenized securities settlement systems.
Today, various DeFi protocols including Aave, Synthetix, and Pendle confirmed full CCIP support on Ethereum mainnet and selected Layer 2s. This signals ongoing integration and institutional readiness for Chainlink’s oracle and messaging infrastructure. Additionally, speculation continues that LINK could be included in upcoming tokenized ETF portfolios, alongside projects like Maker, Lido, and Uniswap, as part of a broader narrative around “critical infrastructure for TradFi-to-DeFi bridges.”
Meanwhile, the Chainlink BUILD program expanded this week, adding new mid-cap DeFi startups from Asia and the Middle East. These protocols gain enhanced access to Chainlink services in exchange for token incentives, showing that Chainlink continues to grow its developer network despite market volatility.
