Chainlink Price Holds Key Support as Bullish Pennant Forms
Chainlink's price is currently holding above $11, a level that has become a key support zone for traders. Over the past 24 hours, the token has gained 5.11% and reached a trading volume of $449.77 million.
A bullish pennant pattern has formed on the chart, which often appears after a strong price move and can signal more upside. Crypto analyst Crypto With Gopal pointed out this setup in a post on X, where he noted that LINK is consolidating above the $11 support after a strong rally.
The breakout target for Chainlink sits at $15, but it's essential to note that low volume moves can turn into fake-outs that reverse quickly. If the breakout does not happen right away, holding the $11 support remains the main focus. Losing that level could weaken the current structure.
Chainlink shared news on X that Charles Schwab plans to add three new tokens to its Schwab Crypto platform: Chainlink (LINK), Solana (SOL), and Avalanche (AVAX). This move expands the list of cryptocurrencies Schwab offers beyond Bitcoin and Ethereum, giving more traditional investors a way to access these tokens through a platform they already use.