🔄 Traditional Finance Joins the Blockchain Party
At the RWA Summit in Cannes, JPMorgan’s Nelli Zaltsman and Chainlink’s Sergey Nazarov announced a major milestone:
✅ A successful cross-chain Delivery versus Payment (DvP) test with Kinexys, Chainlink, and Ondo Finance.
This marks a huge step forward in merging TradFi and DeFi, boosting confidence in LINK’s real-world utility.
🏦 Power Boost from Project Acacia
Chainlink also gained backing from major institutions in Australia: Westpac Institutional Bank and Imperium Markets are integrating LINK into Project Acacia—a Reserve Bank of Australia–backed initiative for secure DvP settlement and tokenized assets via the Cre system.
🔎 “This capability is key to accelerating the adoption of digital assets and bringing institutional capital onchain.”
These combined institutional pilots further strengthen LINK’s narrative as the infrastructure of choice in bridging TradFi and DeFi ecosystems.
📈 LINK’s Technical Setup: Pressure Builds for a Breakout
LINK has been trading sideways in a range of $10.94–$18, recently stabilizing around $16.47 after a roughly 5% rally this week.
Bulls are defending the 20-day EMA (~$14.85) and previously the 200-day EMA at $15.18—key support zones.
A breakout above $18, fueled by momentum from Acacia and DvP developments, could complete a bullish double-bottom, targeting $25.06 (price projection from Cointelegraph) or $18.81 (due to FXStreet’s technical outlook).
⚠️ Bear Trap or Blast Off?
Failure to break above $18 could keep LINK trapped in its long-standing range.
A drop below $14.70–$14 might reverse gains, returning LINK to consolidation or lower. A close under $15.07 could even test $14.33 (the 50‑day EMA) .
🔮 Final Take: Is LINK the Next Big Crypto Narrative?
With multiple institutional proofs—from JPMorgan’s DvP pilot to Australia’s Project Acacia—and a solid technical foundation, LINK is positioned for a breakout. The battle line is drawn between $18 and $15.
🔥 A breakout above $18 could propel LINK toward $25, while a breakdown below $15 risks retracementrissl
