Chainlink's LINK token has surged more than 8% in the past 24 hours, trading near $13.26, after breaking through the $12 resistance level. The move extends its seven-day gain to roughly 18%, with the token reaching as high as $13.66 during the latest push.
According to CoinGecko, LINK's 30-day gain now stands at approximately 62%, with the token climbing over 10% from an intraday low near $12.12. The breakout follows a strategic partnership announced on Sept. 3 with Bottomline, a payments technology firm serving over 600 banks and processing more than $16 trillion in payments annually.
The collaboration aims to integrate Chainlink's infrastructure, including its Cross-Chain Interoperability Protocol (CCIP), with existing banking payment systems to facilitate cross-border and cross-chain transactions. LINK initially moved through the $12 area after the announcement, with buyers pushing the token past $13 on Sept. 7.
The $12 to $12.20 region had repeatedly capped price in recent sessions, making the breakout a key technical development. Additionally, Circle's launch of cirBTC, a wrapped Bitcoin product, uses Chainlink Proof of Reserve for onchain verification of Bitcoin reserves, providing another live use case for the network.
Institutional adoption has extended to Wyoming, where the Wyoming Stable Token Commission selected Chainlink Proof of Reserve for near-real-time reserve verification of the state's Frontier Stable Token. Wyoming had previously chosen Chainlink CCIP as the exclusive cross-chain infrastructure for the token. Chainlink has also partnered with the US Department of Commerce to bring official economic statistics onchain, including real GDP and the Personal Consumption Expenditures price index.
Technical analysis
LINK's daily chart shows a clear break above the $12 to $12.20 resistance zone, with price now trading near $13.26. The latest daily candle reached roughly $13.68, putting $14 within range if LINK holds above the former breakout area. All four exponential moving averages (EMAs) on the daily chart now sit below the market price, with the 20-day EMA at $11.46, the 50-day EMA at $10.28, the 200-day EMA near $9.92, and the 100-day EMA at $9.62.
The 20-day EMA has pulled sharply away from the 50-day EMA as LINK accelerated since August, while price has moved above the 200-day EMA after spending several months below it. A pullback would put $12 to $12.20 first in focus, followed by the 20-day EMA around $11.46 if the breakout fails to hold.
Parabolic SAR dots on the daily chart have moved below the candles, with the latest reading near $11.13. LINK remaining above the dots supports continuation of the current uptrend, while a reversal in the SAR above price would provide an early warning that the move from August lows is losing momentum.
On the 4-hour chart, TRIX has risen to 23.31 after recovering from negative territory in early September. The indicator has accelerated alongside LINK's move through $12 and $13, showing that the rate of price change is still increasing. A turn lower in TRIX while LINK struggles below its recent high near $13.68 would weaken that momentum signal.
Accumulation/Distribution has reached roughly 138.1 million, up from around 125 million in early July. The indicator made a fresh jump alongside the latest price breakout, while trading volume expanded sharply as LINK crossed $13, showing that the move has been accompanied by buying pressure rather than price rising while accumulation falls.
A sustained break above the recent $13.68 high would put $14 as the first probable target. Clearing that level could open a move towards the $15 to $15.50 area, where LINK traded during the fourth quarter of 2025. On the downside, losing $12 would weaken the breakout and expose the 20-day EMA near $11.46, with the 50-day EMA around $10.28 becoming the next support if sellers push through that level.
For broader crypto context, see our analysis on Solana's recent rally and earlier Chainlink price forecasts.
This article is for informational purposes only and does not constitute financial advice.
