Chainlink Price Prediction: CCIP Expansion Drives Breakout Setup Near $8.80
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- Chainlink defends $8.76 Bollinger Band support after enabling cbBTC transfers to Monad via CCIP integration.
- Price consolidates in a symmetrical triangle between $8.54 and $8.73 as daily EMAs converge near $8.93 to $11.60.
- CCIP becomes an exclusive bridge for Coinbase Wrapped Assets, potentially routing $5B+ in cbBTC liquidity through Chainlink infrastructure.
Chainlink’s price is currently around $8.810, down 1.5% after it tested the lower Bollinger Band support at $8.764. This situation puts buyers in a crucial position as the network is set to announce a significant integration that will bring billions in Bitcoin-backed liquidity to the Monad blockchain.
Daily Chart Shows Extended Downtrend Below All EMAs
The daily chart shows Chainlink trapped below all four major moving averages since October 2024. The 2…
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