Chainlink Price Breaks Out of Falling Wedge Resistance

Chainlink's price is currently trading near $8.85 after breaking above a major weekly falling-wedge resistance, according to CoinCodex.

Institutional adoption of Chainlink continues to grow, with plans from DTCC to use the Runtime Environment for real-time collateral management in Q4 2026 and Project Pangea involving more than 50 banks exploring FX settlement using Chainlink's CCIP.

Trader Jordan highlighted that the LINK price has broken above a major downtrend line, reclaimed key weekly moving averages, and printed a bullish RSI divergence.

The next level of resistance for Chainlink is around $9.29, with the next target being $10.87, according to CoinCodex's 1-month price prediction, which projects a price of $10.46.