LINK trades at $22 as Coinbase and Chainlink launch Base-Solana Bridge, with whales accumulating despite bearish technicals.
What's Happening:
Coinbase and Chainlink launch Base-Solana Bridge secured by CCIP on December 4
$LINK trading at $22 after downtrend from October highs
On-chain data shows whale accumulation and rising active addresses
S&P Global uses Chainlink to bring stablecoin risk ratings on-chain
Why It Matters:
The Base-Solana Bridge demonstrates CCIP's growing role in cross-chain infrastructure, connecting two major ecosystems. S&P Global integration further validates Chainlink's institutional relevance. Whale accumulation during price weakness suggests long-term conviction. Grayscale highlighted Chainlink as pivotal for tokenizing real-world assets and bridging TradFi.
Technical View:
$22 support holding amid October downtrend. Whale accumulation contrasts with technical weakness. With Fear & Greed at 30 (Fear), smart money positioning for CCIP value capture. Conflicting signals suggest consolidation before next major move. A break above $25 could trigger momentum.
🎯 Key Levels:
Support: $20 | Resistance: $25
24h Range: $21.50 - $22.80
💡 "CCIP is becoming the TCP/IP of blockchain - infrastructure that powers everything else."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Chainlink #LINK #CCIP #DeFi #DYOR
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
