Chainlink ($LINK) confirms its strong position in the crypto market thanks to new partnerships and technological updates. The integration of the Cross-Chain Interoperability Protocol (CCIP) on Hedera's mainnet opens new prospects, suggesting a potential increase in asset value up to $50.
CCIP Boosts Cross-Chain Application Potential
The recent CCIP integration on Hedera's mainnet represents a significant step for Chainlink. This integration enables seamless token transfers, messaging, and actions across all blockchain networks, marking a crucial moment for the DeFi market. The partnership with Libre Capital further enhances Chainlink's position in the institutional segment by enabling fund tokenization on one of the most widely-used platforms.
Technical Setup Indicates Potential Rise
The daily trading chart reveals a bullish reversal pattern, suggesting that Chainlink may soon experience a price increase. The Relative Strength Index (RSI) at 30.68 indicates a bearish trend, but movement over the midline could suggest an increase in momentum. Selling pressure, as indicated by the Cumulative Volume Delta, is higher than buying activity; however, a crossover of the MACD above the signal line may signal a directional change.
Analysts Predict a $50 Target
Analyst LLuciano_BTC suggests LINK could rally towards a $50 target as adoption grows, with technical indicators supporting this prediction. Historically, the demand zone at $9.28–$12.00 has served as a springboard for upward momentum. With increasing adoption of Chainlink’s DeFi infrastructure, analysts expect the price of LINK to continue rising.
Chainlink is continuing its robust development path thanks to the integration of CCIP and significantly growing support within the DeFi sector, which is projected to rise to $30–50 trillion by 2026.
