Chainlink's price has been stuck in a consolidation phase for some time, with support at $8 and resistance around $12-$15. While technical indicators such as the CMF and AO histogram are hinting at a potential break above this range, the market remains cautious.
The Chainlink ecosystem continues to expand quietly, with growing chatter about its connections to Web3 projects like Ondo and traditional finance rails like SWIFT. This narrative may be harder to price in, but it suggests that Chainlink's relevance is increasing over time.