In this video: We analyse Chainlink on 30 October 2026 using Elliott Wave, with the orange support zone at $8.28 to $10.52 as the big decision area. Video by More Crypto Online.
Chainlink is dipping deeper into the support zone as Bitcoin sells off further. The decline is tracked as a wave B or wave 2 pullback, and no low is confirmed yet. On the smaller time frame the price is testing the 50% retracement at $10.46 and could be in a C wave down toward $8.30 to $9.35. If the zone holds, the blue triangle scenario sees the next leg up toward the upper boundary of the sideways range.
"Try online trading with iqoption. Access stocks, forex, and crypto on a world-class platform. Sign up for a free demo account and master your tools today!"
Learn more >>
The Catalyst: Institutional Real-World Asset (RWA) Launches
• Chainlink 24/7: Launched on October 29, this breakthrough pricing service extends sub-second oracle feeds for tokenized real-world assets into weekends and holidays. Aave is the flagship launch partner, utilizing these feeds to unlock always-on tokenized U.S. Equity lending on its institutional platform, Horizon.
• Expanded S&P Global Partnership: Chainlink has formally brought S&P Global Ratings' Vault Risk Assessment (VRA) data onchain. This gives DeFi protocols and institutions live, sovereign risk analysis directly inside smart contracts to manage exposures across the fast-growing $10 billion lending vault market.
• CustodySync & Global Infrastructure: Chainlink rolled out CustodySync (collaborating with Anchorage Digital) and announced strategic RWA tokenization partnerships with Korea's LG CNS and South Korea's Hanwha Investment & Securities.
The Technical & Market Headwinds
• The Binance Exploit Contagion: LINK’s negative daily price action was largely driven by a systemic risk-off environment triggered by the $6.3 billion Binance security breach. On-chain data from Lookonchain revealed that the hacker's wallets drained and directly offloaded approximately 2.57 million LINK tokens (~$26.05 million) into open market liquidity, artificially depressing spot prices.
• Leverage Flush: Derivatives desks felt the squeeze with roughly $4.89 million in total LINK liquidations, overwhelmingly consisting of long positions (95.6%) as thin liquidity forced cascading margin closures.
• Key Levels: According to technical trackers on Binance Square, LINK is currently trending beneath its 4-hour Exponential Moving Averages (EMA20 at $11.47 and EMA50 at $11.65). Short-term support sits firmly at the daily low of $10.27, while resistance blocks any swift breakout near $11.48.
Probability over emotion, being the casino instead of the gambler, and why following the charts beat chasing fear and greed.
Start Trading >>
