Chainlink LINK Surges 3.73% to $19.20 as JPMorgan Integration Sparks Institutional Interest

Chainlink's LINK token ROSE 3.73% to $19.20 amid growing institutional adoption. The rally comes after JPMorgan integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP) on July 17, marking a significant step in Wall Street's adoption of blockchain interoperability tech.

Technical indicators show LINK entering overbought territory with an RSI of 80.84, hinting at possible short-term consolidation. However, fundamentals strengthen with Chainlink's new Automated Compliance Engine (ACE), which merges Legal Entity Identifiers with blockchain transactions to meet institutional regulatory needs.

Analysts suggest the $22 price target looks increasingly achievable as traditional finance players like Westpac Institutional Bank explore Chainlink's infrastructure. The protocol's unique blend of compliance and cross-chain functionality continues drawing investment from both crypto and institutional sectors.