- LINK gained 6.7% this week, carving out a higher low above $22 support
- Plasma integrates Chainlink’s CCIP, Data Feeds, and Streams for stablecoin use cases
- UBS pilots Chainlink’s CCIP with SWIFT for tokenized funds, deepening institutional adoption
Chainlink’s native token, LINK, posted a 6.7% weekly gain despite a slight pullback on Friday, holding above key support at $22.13. The token carved out a higher low structure, signaling momentum is shifting back to the bulls. Resistance sits near $23, with traders eyeing a breakout as buying volume remains elevated above the daily average.
Plasma Joins Chainlink Scale for Stablecoin Infrastructure
Plasma (XPL), a payments-focused blockchain, has officially integrated Chainlink’s suite of services — including Data Streams, Data Feeds, and the Cross-Chain Interoperability Protocol (CCIP). By joining the Chainlink Scale program, Plasma is aiming to deliver enterprise-grade infrastructure for stablecoin settlements from launch. Chainlink Labs’ chief business officer Johann Eid said the move shows how new L1s can bootstrap institutional-grade payments systems from day one.
Institutional Adoption Expands With UBS Pilot
The Plasma news came shortly after Swiss banking giant UBS began a pilot with Chainlink’s CCIP in partnership with SWIFT. The test focuses on tokenized fund operations, a sign of growing institutional confidence in Chainlink’s interoperability solutions. Meanwhile, the Chainlink Reserve added another 46,441 LINK to its treasury, bringing total holdings to over 417,000 tokens — worth roughly $9.5 million — showing continued reinvestment from protocol revenue streams.
Market Outlook for LINK
With institutional adoption rising and new L1 integrations like Plasma adding stablecoin use cases, LINK’s fundamentals are strengthening. The token’s higher low pattern suggests bullish continuation if resistance at $23 is cleared. Traders see the setup as a potential launchpad for LINK’s next major leg higher.
