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Chainlink Price Tests $11 as CCIP Adoption Strengthens

Guavy AI Editorial Team
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LINK ZRO
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Chainlink's price tested $11 as CCIP adoption strengthened, but traders are now looking for consolidation before another potential advance.

Analyst Michaël van de Poppe expects this consolidation to create a setup for another move higher, potentially towards his target of $14.

The recent rally saw LINK reach $11, but it later cooled off and traded near $10. The 24-hour futures volume on CoinGlass remained elevated at around $797 million, with open interest at $692 million.

Wyoming and Nethermind recently expanded their use of Chainlink infrastructure, with Wyoming moving its Frontier Stable Token cross-chain infrastructure from LayerZero to Chainlink CCIP.

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