Chainlink: LINK Tests 6-Year Downtrend at $9.56

Chainlink LINK trades at $9.56 while testing a six-year descending trendline on the weekly chart. Price has printed lower highs since the 2021 peak and now presses against resistance near $9.5–$10 after rebounding from the $7.5–$8 zone.

Standard Chartered ties its $200 target for 2030 to expanding tokenized assets markets where Chainlink supplies critical oracle infrastructure. A decisive weekly close above the trendline would open the path for accelerated LINK price prediction revisions across institutions.

Four-hour price action shows LINK inside the Bollinger Bands with the upper band at $9.67 acting as immediate resistance. The RSI(14) at 73.21 signals overbought conditions while the MACD golden cross at 0.25 confirms underlying bullish momentum. Price sits above both the EMA50 at $8.77 and EMA200 at $8.35, so any short-term exhaustion would likely find support at the 50-EMA before continuation. This Chainlink price analysis highlights confluence between weekly structure and intraday momentum for traders focused on tokenized assets infrastructure plays.