Chainlink Set for Bull Run as Institutional Backing Drive Demand
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Chainlink Set for Bull Run as Institutional Backing and Interoperability Drive Demand

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Azeez Mustapha

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Chainlink set for bull run as institutional backing and interoperability drive demand. Chainlink’s native token LINK is poised for a strong upswing, underpinned by growing institutional engagement and its groundbreaking Cross-Chain Interoperability Protocol (CCIP). By enabling secure, trustless messaging and value transfers across multiple blockchains, CCIP addresses long-standing fragmentation issues that have stifled decentralized application growth. Traditional finance players are already taking notice: global payment network SWIFT has commenced proof-of-concept trials with CCIP to explore tokenized asset settlements.

This endorsement from a cornerstone of the banking industry signals increasing confidence in Chainlink’s technology stack and its potential to bridge legacy systems with emerging Web3 platforms. Meanwhile, Chainlink’s well-established oracle network continues to power decentralized finance, insurance, and lending platforms with tamper-resistant external data feeds. As more projects integrate CCIP alongside Chainlink’s price and event oracles, demand for LINK—used to stake and pay for network services—is expected to rise. Collectively, these developments make a compelling case for a bullish trajectory in LINK’s market performance.

Key Chainlink Levels To Watch – August 3

Chainlink Set for Bull Run as Institutional Backing and Interoperability Drive Demand

LINKUSD is currently trading above the $15.40 mid-block support, showing signs of bullish defense as price reacts positively from this demand zone. The RSI is hovering near the 46 mark, suggesting room for upward momentum before reaching overbought territory.

A potential bounce from this support zone could drive the price toward the $18.00 resistance level. If bullish pressure persists, the next major target lies around $22.10.

Chainlink Key Levels

Resistance Levels: $18.00, $22.10, $26.00
Support Levels: $15.40, $10.10, $8.10

LINK Metrics

Total Market Capitalization: $3.72T
Chainlink Market Capitalization: $11.28B
Chainlink Volume: $328.62B
Market Rank: #14

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