• LINK trades at $9.18, down 2.06%, with the daily SAR at $9.87 overhead and Bollinger Bands compressing after months of decline.
• Coinbase integrated Chainlink’s DataLink to bring its exchange data powering billions in trading volume on-chain for the first time.
• On the 2h chart, LINK trades above all four EMAs inside an ascending channel, with the 0.5 Fibonacci level at $9.57 as the next target.

Months of relentless selling have pushed LINK from $29 in August to a low near $7.19 in early February. The chart has been quietly building a base since then, and a partnership announcement that puts Coinbase’s institutional-grade exchange data on Chainlink’s infrastructure landed Tuesday morning. Price has not broken out yet, but the setup is closer than it has been since October.

Can LINK Escape Eight Months Of Decline?

The daily chart tells the full story of the damage. LINK peaked near $29 in late August and has printed lower highs and lower lows almost without interruption since. The Bollinger Bands, which were wide and expanding through the entire downtrend, have started to compress over the past six weeks as price found a floor near $8.10 and began consolidating.

Price currently trades at $9.18, pressing into the upper Bollinger Band at $9.79 while the SAR sits at $9.87 just above. The middle band at $9.12 has flipped to support, and the lower band at $8.44 is rising. Band compression after a prolonged downtrend often precedes a directional move. The descending trendline from the August highs crosses near $9.80 to $10.00, which puts the SAR, upper band, and trendline all converging at the same level. That is the zone LINK has to clear.

Key levels:

• Middle Bollinger Band support: $9.12
• Lower Bollinger Band: $8.44
• SAR resistance: $9.87
• Upper Bollinger Band: $9.79
• Trendline resistance: $9.80 to $10.00
• Breakout target: $10.13 (0.618 Fib on 2h)

LINK 2h Structure: Ascending Channel With OBV Lagging

The 2h chart shows a cleaner picture. Since the February low at $7.19, LINK has been carving an ascending channel with higher lows on each pullback. All four EMAs are tightly clustered between $9.13 and $9.26, and price is trading above all of them, a first since the October breakdown.

The Fibonacci recovery grid places the 0.382 level at $9.01 as support and the 0.5 level at $9.57 as the immediate resistance. Price has attempted $9.57 twice in March without a clean close above it. The OBV reads 9.43M and has been flat to slightly rising since mid-February, meaning buying volume is entering but not yet accelerating. That divergence is worth watching. Price climbing inside a channel with flat OBV suggests the move is not fully committed yet. A surge in OBV alongside a break of $9.57 would change that read quickly.

Key levels:

• Ascending channel support: $9.01 (0.382 Fib)
• EMA cluster: $9.13 to $9.26
• Immediate resistance: $9.57 (0.5 Fib)
• Next target: $10.13 (0.618 Fib)
• Extended target: $10.93 (0.786 Fib)

Coinbase Brings Institutional Data Onchain Through Chainlink

The Coinbase integration announced Tuesday is not a token listing or a marketing partnership. Coinbase is now publishing its exchange data, including order book data, spot prices, perpetual futures data from Coinbase International Exchange, and E-mini futures, directly on-chain through Chainlink’s DataLink service for the first time.

Coinbase’s VP of Markets described the Chainlink data standard as the clear choice for bringing its market data into on-chain markets, pointing to DeFi and TradFi developers being able to build more robust applications across derivatives and tokenized assets. Chainlink’s Chief Business Officer framed it as proof that institutional finance and DeFi are converging, with Chainlink as the infrastructure layer underneath. This follows Coinbase already choosing Chainlink CCIP as its exclusive interoperability provider for all Coinbase Wrapped Assets. Three integrations with the same counterparty in quick succession is not routine. It reflects a deepening dependency on Chainlink’s infrastructure at the institutional level, and that kind of relationship does not reverse easily.

Chainlink Price Prediction: What To Expect In The Next 24 Hours

• Bullish case: LINK holds above the EMA cluster at $9.13 to $9.26 and closes a daily candle above the SAR at $9.87, clearing the converging trendline and upper Bollinger Band simultaneously. OBV picks up alongside the move. First target is $10.13 at the 0.618 Fibonacci level, with $10.93 as the next level if momentum holds.
• Bearish case: The $9.57 resistance on the 2h holds again and price slips back below the EMA cluster. Losing the 0.382 Fibonacci at $9.01 on a daily close puts the lower Bollinger Band at $8.44 back in play, and a break below $8.31 reopens the February low at $7.19.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source: https://coinedition.com/chainlink-price-prediction-will-the-coinbase-integration-finally-push-link-back-above-10/

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