Chainlink Stalls at 6-Year Resistance as Institutions Eye Revisions

Chainlink's (LINK) price has been testing a six-year descending trendline on its weekly chart, currently trading at $9.56.

This significant resistance point was reached after LINK rebounded from the $7.5-$8 zone and printed lower highs since its 2021 peak.

The price is now pressing against the resistance near $9.5-$10, which could be a crucial moment for investors and traders.

A decisive weekly close above this trendline would likely lead to revised predictions from institutions, with Standard Chartered having tied its $200 target for 2030 to expanding tokenized assets markets where Chainlink supplies critical oracle infrastructure.