Chainlink Faces $25 Barrier: Institutional Interest Meets Technical Skepticism
- Chainlink's CCIP protocol drives institutional adoption through real estate tokenization (Balcony) and gold-backed stablecoin (Streamex) partnerships, enhancing RWA transparency and cross-chain interoperability. - EURAU stablecoin's multi-chain expansion via CCIP, backed by Deutsche Bank, positions Chainlink as a euro-centric alternative to dollar-dominated stablecoins with zero-slippage transfers. - Technical analysis suggests $25 price target if $19.16 resistance breaks, but bearish indicators like a d
Chainlink (LINK) is making significant gains, approaching a possible $25 valuation as its Cross-Chain Interoperability Protocol (CCIP) sees increased adoption through notable projects like AllUnity’s EURAU stablecoin and Streamex’s gold-backed GLDY token. The oracle network’s collaborations with major institutions in both real estate and stablecoin sectors are boosting market confidence, even as technical indicators present a mixed outlook for its price movement.
The latest partnership between
At the same time, Nasdaq-listed
AllUnity’s expansion of its euro-backed EURAU stablecoin using CCIP is a significant driver behind Chainlink’s recent price surge. The MiCA-compliant stablecoin now operates fluidly across Ethereum,
Technical analysis indicates that LINK could challenge the $25 mark if buyers manage to surpass key resistance levels. A double-bottom formation near $16.38 and accumulation above $16.90 suggest strong buying pressure, according to CoinGape. Analysts there believe that breaking through the $19.16 resistance could spark a 45% rally toward $25, fueled by institutional involvement and reserve increases. Nonetheless, bearish signals such as a looming death cross and proximity to a monthly low of $14.92 warrant caution, as highlighted by CoinMarketCap.
Chainlink’s ecosystem continues to expand, with Virtune adopting its PoR service for $450 million in digital asset ETPs and Backed Finance utilizing CCIP for RWAs, as also noted by Yahoo Finance. These advancements underscore Chainlink’s commitment to both on-chain data security and cross-chain connectivity, which are essential for integrating traditional finance with blockchain technology.
Despite ongoing challenges, including regulatory issues for stablecoins in the EU as reported by
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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