Chainlink (LINK) is currently testing a major long-term descending trendline that has capped its price since the 2021 peak. A decisive breakout could signal a broader bullish reversal, supported by expanding adoption of its oracle infrastructure. LINK recently defended the $7.50–$8.00 support zone and is now approaching the $9.50–$10.00 resistance area. At the time of writing, LINK is trading at $9.40 with a market cap of $7.03 billion. Strengthening the bullish outlook, Chainlink’s technology is now powering tokenized stocks on Hyperliquid, narrowing the gap between traditional finance and blockchain markets.
Chainlink (LINK) is testing a key long-term resistance trendline, with a potential breakout signaling a broader recovery for the price. Growing adoption of its oracle infrastructure and integration with tokenized stocks on Hyperliquid further strengthen the outlook, highlighting Chainlink’s expanding role in connecting traditional finance with blockchain markets. At the time of writing, LINK is trading at $9.40 with a 24-hour trading volume of $246.14 million.
According to analyst Crypto King, LINK is approaching resistance near $9.50–$10.00 after bouncing from the $7.50–$8.00 support zone. The technical setup aligns with the rising importance of Chainlink in tokenizing real-world assets, with Standard Chartered forecasting LINK might hit $200 by 2030.
Data from Chainlink highlighted that the onboarding of the global stock market is taking place now, as tokenized stocks and ETFs of the U.S. are accessible through Hyperliquid. This has been made possible by the collaboration between xStocks and Chainlink’s CCIP. Users of Hyperliquid may be able to hedge exposure to equities and cryptocurrency on one platform.
