Chainlink Breaks Above $11 Support as Charles Schwab Expands Crypto Platform
Chainlink (LINK) has maintained its position above $11 support as it forms a bullish pennant pattern, indicating potential for further gains. The recent rally has reinforced LINK's positive structure, suggesting another upward move could be on the horizon. At present, LINK is trading at $11.89, reflecting a 5.11% increase over the last 24 hours.
Charles Schwab has announced plans to expand its crypto platform by adding Chainlink, Solana (SOL), and Avalanche (AVAX) to its offerings. This move may contribute to broader adoption of digital assets as traditional investors explore a larger segment of the crypto market. Analysts remain focused on technical indicators to determine if LINK's price will break through $15.
With 39.8 million active brokerage accounts and $13.1 trillion in client assets, Charles Schwab's platform has significant reach and influence. The addition of LINK and other altcoins may reinforce growing institutional interest in the token.