Chainlink Market Structure Shifts Bullish Amid ETF and CCIP 2.0 Developments
Chainlink (LINK) has seen positive momentum following the launch of CCIP 2.0 and increased institutional interest in tokenization and cross-chain infrastructure. Grayscale added 159,480 LINK to its ETF, while Bitwise filed a prospectus for a Chainlink ETF including a 20% staking allocation. Technically, LINK has shifted its weekly structure to a bullish trend, breaching key resistance levels with strong buying pressure indicated by the OBV and DMI, though a drop below $10.6 would signal a potential trend reversal.
Summaries are written by AI from the original article. Not investment advice.