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Chainlink price rebounded by over 14% on Wednesday, reaching its highest level since February 5.

Chainlink ($LINK) token rose to a high of $9.35, up by over 30% from its lowest level this month. This rebound has brought its market capitalization to over $6.6 billion.

Top reasons why the LIN price is soaring

Chainlink price rose as the crypto market rally resumed, with Bitcoin and most altcoins being in the green. Bitcoin jumped to $67,000, while the market capitalization of all tokens rose by over 5% to over $2.33 trillion.

$LINKtoken is also benefiting from sustained demand from American investors. Data compiled by SoSoValue shows that spot $LINKETFs have accumulated over $10 million in assets this month, bringing their cumulative total to over $85 million.

These funds now have over $71 million in assets, with Grayscale’s GLNK having $61 million. Bitwise’s CLNK has $9.75 million in assets. In contrast, spot Bitcoin and Ethereum ETFs have shed billions of assets in the past few months.

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Chainlink price is also rising after integrating with Canton, one of the biggest players in the real-world asset tokenization industry. The integration introduces data streams on equities, smart data, proof of reserves, and CCIP.

JUST IN: @CantonNetwork adopts Chainlink data and interoperability standards to unlock institutional tokenization.

?Data Streams (incl. 24/5 equities)
? SmartData (NAV & AUM)
? Proof of Reserve
? CCIP

Canton ?? Chainlink pic.twitter.com/49UV9NNxJ3

— Chainlink (@chainlink) February 25, 2026

Other recent integrations in the network are Robinhood, Arc, the layer-1 network built by Circle, World, and MagaEth.

Meanwhile, Chainlink has continued to accumulate $LINKtokens as part of its Strategic $LINKReserves. Data shows that these reserves have jumped to over 2.17 million currently worth over $19.7 million. These purchases will continue growing in the coming years as Chainlink plans to use its off-chain fees to accumulate more tokens.

Still, the main risk is that the ongoing Chainlink price rebound is a dead-cat bounce, also known as a bull trap. A bull trap is a situation where an asset in a freefall bounces back and then resumes the downtrend.

Chainlink price prediction: Technical analysis

$LINKprice chart | Source: crypto.news

The daily timeframe chart shows that the $LINKprice has remained in a bear market in the past few months despite its strong fundamentals.

It dropped from a high of $27 to the current $9.4. It has remained below all moving averages and the key support level at $10, which was its lowest level on April 6 last year.

$LINKprice remains below the 50-day and 100-day Exponential Moving Averages and the Supertrend indicator. Also, it formed a small double-bottom pattern at $8.036 and a neckline at $9.18.

Therefore, the most likely scenario is where it remains under pressure in the coming weeks as risks, including the potential attack on Iran,remain. A complete rebound will be confirmed if it moves above the key resistance level at $10 and flips the short and medium-term moving averages.

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