Chainlink (LINK) price has remained range-bound for a while, stuck between the $16.00 roadblock to the upside and $13.08 to the downside.
Chainlink network has completed tests with US banking giants to accelerate the tokenization of funds. JPMorgan, Franklin Templeton, Invesco, and BNY Mellon are among the ten participating firms. Network cofounder Sergey Nazarov says large market players are coming together to leverage blockchains, smart contracts, and Oracle networks. Chainlink price is up 10% as LINK bulls flock to the scene Chainlink price has remained range-bound for a while, stuck between the $16.
-day chart Conversely, if traders cash in on the gains made, which has happened multiple times before leading to consolidation, the Chainlink price would topple. While a decisive candlestick close below $13.080 would be concerning, only a low below the $11.788 support level would invalidate the bullish thesis.
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