Chainlink (LINK) Connected with Swift! Institutional Funds Flow in for 3 Consecutive Weeks Following CCIP 2.0 Release

▲ Chainlink (LINK)/ChatGPT generated image ©

Chainlink (LINK) surged 10% the previous day due to its integration with Swift Ledger and the release of CCIP 2.0, but then fell below $15 due to profit-taking. However, with funds flowing into Chainlink ETFs for three consecutive weeks and the mid-to-long-term technical upward structure maintained, there is a possibility that LINK could resume its upward trend if it recovers $16.60.

According to investment media FXStreet on September 29 (local time), LINK fell more than 4% on Tuesday, trading near $14.75. It rose to $15.77 during the day but gave back some of the 10% gains recorded the previous day. Previously, Chainlink showed a strong upward trend after announcing the launch of Cross-Chain Interoperability Protocol (CCIP) 2.0 and integration with Swift Ledger at Sibos 2026, hosted by Swift.

The core of this integration is to enable financial institutions to read and write Tokenized Deposits data on the Swift Ledger and support 24/7 cross-border payments. Through this, Chainlink has strengthened its role as infrastructure connecting traditional banks and on-chain payment services. Analysis suggests that Chainlink's position as a bridge between global financial institutions and blockchain has been highlighted as the virtual asset market's interest shifts to tokenized assets.

Institutional demand continues. According to SoSoValue, Chainlink-related Exchange Traded Funds (ETFs) saw a net inflow of $2.41 million on Monday, and $6.27 million also flowed in last week. With ETF fund flows maintaining net inflows for the past three weeks, institutional investment demand for LINK is showing a robust trend.

Technically, LINK maintains a mid-term bullish structure despite short-term corrections. The current price is significantly above the 50-day Exponential Moving Average (EMA) of $11.76, the 100-day EMA of $10.70, and the 200-day EMA of $10.44. The Relative Strength Index (RSI) is 66, close to the overbought threshold, and the Moving Average Convergence Divergence (MACD) remains in positive territory, indicating that buying pressure is still driving the short-term trend.

For LINK to continue its upward momentum, recovering the $16.60 resistance level is crucial. A break above this price opens up the possibility of further gains towards the next major resistance level of $20.19. Conversely, if the correction continues, $14.52 is the first support level, and if this level breaks, the area around $11.74 and the 50-day EMA at $11.76 are suggested as the next lines of defense. While positive news like Swift integration and CCIP 2.0 supports mid-to-long-term expectations, in the short term, the defense of $14.52 and the breakthrough of $16.60 will determine the direction.

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