Chainlink (LINK) Jumps 7.3% as Institutional Adoption Fuels Rally: Technicals Eye $22-$28 Targets

Chainlink's LINK token surged 7.3% to $18.37 after Westpac Institutional Bank and Imperium Markets integrated it into Project Acacia. This development highlights growing institutional trust in Chainlink's oracle technology, with analysts identifying $22-$28 as the next key resistance zones.

Project Acacia's implementation marks a pivotal moment for blockchain interoperability in traditional finance. Westpac's involvement notably endorses Chainlink's enterprise-ready infrastructure, driving bullish sentiment across crypto markets.

Technical analysis reveals strong upside potential, with the current $18.06 price forming a consolidation pattern characteristic of continuation trends. Observers note rising trading volume accompanying the breakout, indicating sustained institutional demand rather than speculative activity.