Growth
Chainlink Shows Continued Strength
Chainlink (LINK) has maintained a positive long-term trend since August, with the price forming higher lows. The stock has been trading near $8 during the period, before starting a steady climb. The recent breakout of a five-year chart pattern suggests a major shift in LINK's trajectory. The stock has reached an intraday high near $13.92, with support remaining near the low-$13 range. The rising trend line from August continues to provide a safety net during periods of weakness. The introduction of CCIP 2.0, a major upgrade focused on cross-chain functionality, has also supported long-term demand. Institutional interest remains strong, with Bitwise's U.S. Chainlink ETF attracting $47 million in cumulative net inflows, including $14 million in the past month. The fund has avoided outflow days during that period, and combined holdings across the two tracked U.S. Chainlink funds reached approximately $235 million as of October 5, representing roughly 17 million LINK.