【Market Update】Chainlink’s cross-chain interoperability protocol CCIP 2.0 officially launched on September 28. It is seen as a more robust cross-chain infrastructure, but $LINK did not rally in response.
On launch day, the token price retreated from $14.02, falling 8.12% intraday. The pullback was driven mainly by weakness across the broader market. Analysts caution that LINK has broken below the neckline of a 4-hour head-and-shoulders pattern. If it fails to reclaim $13.56, it could fall toward the $12.39–$11.98 range. However, on higher timeframes, the bullish trend structure remains intact, and the foundation for the Q4 cycle is already in place.
#Chainlink #CCIP
(Source: AMBCrypto)
⚠️Risk warning: The above is for informational purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.
On launch day, the token price retreated from $14.02, falling 8.12% intraday. The pullback was driven mainly by weakness across the broader market. Analysts caution that LINK has broken below the neckline of a 4-hour head-and-shoulders pattern. If it fails to reclaim $13.56, it could fall toward the $12.39–$11.98 range. However, on higher timeframes, the bullish trend structure remains intact, and the foundation for the Q4 cycle is already in place.
#Chainlink #CCIP
(Source: AMBCrypto)
⚠️Risk warning: The above is for informational purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.