Chainlink continues to trade under pressure, holding just above $13 after failing to reclaim the key $15 resistance level. Even with new developments—such as TAO Ventures joining the Rubicon launch—LINK has been unable to push beyond $14.
The token has now fallen more than 50% from its August high near $27, bringing it close to a strong technical support zone where strategic buyers typically step in. Meanwhile, the broader crypto market has declined by over 2% in the past day. Concerns over macroeconomic conditions and renewed institutional selling have led to a weekly market drop of more than 10%, with Bitcoin, Ethereum, and Solana all extending their bearish trends.
Chainlink CCIP Expands Bittensor’s Cross-Chain Capabilities
Chainlink revealed a new partnership with General TAO Ventures to support the rollout of Project Rubicon. This initiative enables Bittensor’s subnet alpha tokens to be transferred onto the Base network using Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
Project Rubicon introduces non-custodial liquid staking for these subnet tokens by converting them into xAlpha, an ERC-20 liquid-staked asset. These tokens can then be used across various DeFi platforms and bridged safely across chains through CCIP.
Chainlink also confirmed that CCIP is fully operational on Bittensor EVM, allowing subnet alpha tokens to move securely to Base and into DeFi protocols such as AerodromeFi. Developers can now build new cross-chain applications using this infrastructure, expanding the Bittensor ecosystem.
Can Chainlink Rebound Toward the $20 Target?
LINK slipped to $13.31 after failing to hold above the $14 support zone. The price has since dropped another 5% in the past 24 hours, trading around $13.03. The loss of the $14 level—and its flip into resistance—signals that bearish momentum still dominates short-term price action.
Chainlink now faces strong resistance at $14, followed by critical barriers at $15 and $16. A confirmed breakout above these levels could open the door to a broader recovery. Technical projections suggest a potential move toward $20, representing roughly a 50% rally from current levels. However, this scenario requires LINK to reclaim and hold the $14 level.
The MACD is still below the signal line but is showing signs of convergence, indicating weakening bearish pressure. The ADX stands at 37, confirming a strong trend—though the prevailing direction remains bearish unless a confirmed reversal takes shape.
