Overview
- Chainlink was formally named to the Bank of England’s Synchronization Lab alongside SWIFT, Quant, the London Stock Exchange, ClearToken, and Nuvante.
- The Lab will let synchronization operators demonstrate interaction with the upcoming RT2 capability, extending prior work proven under Project Meridian.
- LINK traded roughly between $8.48 and $8.97 on Tuesday and hovered near $8.60, about 70% below its 2025 peak and around its lowest level since August 2024.
- Analysts say momentum remains bearish after a drop below the $10.24 neckline, with resistance near $9.20 and supports flagged around $8.25 and $8.00, while $5.541 is cited as a longer-term level from June 2023.
- Reported fund data show spot Chainlink ETFs drew relative inflows this month even as Bitcoin and Ethereum products saw net outflows.