$LINK rallies 5% as Coinbase selects Chainlink services for major cross-chain bridge infrastructure.
What's Happening:
Coinbase taps Chainlink for $7 billion bridge infrastructure
$LINK surges 5.14% despite broader market weakness yesterday
Cross-Chain Interoperability Protocol (CCIP) gaining institutional traction
Bottoming signs emerge according to technical analysts
Why It Matters: When a major exchange like Coinbase chooses Chainlink for critical infrastructure, it validates CCIP's institutional readiness. $LINK's oracle dominance extends to cross-chain messaging.
Technical View: $$LINK eclaiming $14 with strong momentum. Despite yesterday's 5% drop, today's recovery shows resilient demand. $15 is the next key resistance level.
💡 Infrastructure picks often signal long-term value - Coinbase chose Chainlink
#Chainlink #LINK #Oracle #CrossChain #DeFi
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.
