Chainlink Holds Support Amid Coinbase Partnership

Chainlink's price action has been closely watched by traders and investors following its partnership with Coinbase, one of the largest cryptocurrency exchanges. Despite a 40.79% drop in trading volume to $417.85 million, Chainlink (LINK) has maintained support above $8.6, a key rising trendline that has consistently held since February.

This support level is forming higher lows, indicating gradual buyer accumulation and weakening selling pressure. However, repeated rejections at resistance near $9.9-$10.1 highlight persistent selling pressure. For bullish continuation, Chainlink must reclaim the $9.2-$9.4 zone before attempting a breakout above $10.

The Coinbase deal has expanded its integration with Chainlink through the DataLink service, enabling institutional-grade exchange data to be published onchain for the first time. This marks a major milestone in DeFi market infrastructure and is expected to improve pricing accuracy, enhance risk management, and support the development of advanced financial products.