Chainlink (LINK) traded at $7.97, down 0.06% over 24 hours, after tokenization platform Commerzite adopted Chainlink CCIP as its official cross-chain infrastructure. The migration, announced on Chainlink’s official X account, replaces Commerzite’s legacy bridging solution with CCIP to provide institutional-grade security for global-scale operations. LINK continues to hold above the $7.48 support level while testing the $7.98 resistance. Technical indicators show a slight buyer advantage, though declining momentum and lower trading volume suggest traders are waiting for a confirmed breakout before opening larger positions. Open interest data from CoinGlass indicates derivatives traders are maintaining rather than increasing leverage.
Chainlink (LINK) traded at $7.97, down 0.06% over the past 24 hours, according to TradingView data. The tokenization platform Commerzite selected Chainlink CCIP as its official cross-chain infrastructure.
Commerzite is “deprecating legacy bridging solution & migrating to Chainlink CCIP as its official cross-chain infra,” as stated on Chainlink’s official X account. The announcement noted the migration would provide “institutional-grade security required for global scale.”
Commerzite evaluated multiple interoperability providers before selecting Chainlink CCIP, reflecting growing institutional demand for secure cross-chain infrastructure. The adoption reinforces Chainlink’s position in the tokenized asset market.
LINK is trading below the $7.98 resistance level after rebounding from the $7.48 support, according to the daily TradingView chart. The MACD remains above its signal line, indicating buyers still hold a slight advantage.
The shrinking MACD histogram suggests bullish momentum is beginning to weaken. Lower trading volume indicates traders are waiting for a confirmed breakout before opening larger positions.
CoinGlass data shows LINK’s open interest has remained relatively stable. This suggests derivatives traders are maintaining existing positions rather than aggressively increasing leverage.
A daily close above $7.98 could strengthen bullish momentum. If LINK falls below $7.48, the recent recovery structure would weaken.
