Chainlink resistance test at $14.22: Upside targets to watch
Chainlink (LINK) is trading at $13.45, up 8.73% for the day and sitting near the session high under moderate volatility. The price remains positioned above its key moving averages, underlining positive short- and medium-term momentum.
Highlights
- Infosys partnered with Chainlink to standardize Chainlink oracle solutions across institutional financial infrastructure serving over 1.7 billion accounts.
- Chainlink upgraded its core node software to version 2.65.0, focusing on confidential workflow monitoring for improved operational transparency.
- LINK/USD trades near $13.45, up 8.73% on the day, with bullish momentum and a projected 2 to 3 day range of $13.09 to $14.22.
Institutional demand rises as Infosys partnership expands Chainlink reach
Infosys has entered into a strategic partnership with Chainlink to standardize the use of Chainlink oracle solutions—including CCIP and Proof of Reserve—across its institutional financial services technology, which supports infrastructure for over 1.7 billion customer accounts, according to Kucoin. This agreement broadens the integration footprint of Chainlink technology across large-scale banking infrastructure, driving demand expectations from the institutional segment. Separately, Chainlink released version 2.65.0 of its core node software, an upgrade focused on confidential workflow monitoring to enhance operational transparency for node operators, as reported by Newsbtc. These developments point to expanding adoption potential, supporting the current upward momentum.
Bullish signals intensify as LINK clears major technical markers
On the technical front, LINK is trading above both the MA-20 ($12.94) and MA-50 ($12.7) on the H1 chart, while holding well above the MA-200 ($9.31) on the daily timeframe. The Ichimoku Kijun at $12.81 is acting as immediate support. Momentum indicators are largely positive: MACD and ADX signal a buy, RSI stands at 62.17 (Buy), CCI is also on Buy, and Bull/Bear Power reflects strong buyer dominance intraday. The Stoch RSI is in an oversold position, indicating some short-term exhaustion, while the Awesome Oscillator remains neutral.
Upside bias persists as breakout and support levels define risk
Looking ahead to the next 2–3 trading days, LINK is likely to remain within a volatility band of $13.09 to $14.22. The probability of further gains is very high, while the chance of a decline is considered very low. The baseline scenario is sideways movement within this range, but a clear break above $14.22 would point to continued bullish action. Conversely, a drop below the $12.81 immediate support would shift the short-term outlook negative.
Previously it was reported that Chainlink's partnership and expanding integrations were supporting a positive technical and adoption outlook. The latest price action and the rollout of new node software further strengthen this trajectory, with $14.22 now serving as the key level to monitor for potential upside continuation in the coming sessions.