Chainlink surges 6% after CCIP 2.0 launch, but $15 resistance tests LINK rally

Key takeaways

• LINK rose about 6% while much of the crypto market retreated, extending its reported 30-day gain to 30.3%.
• Chainlink’s CCIP 2.0 launch gives institutions the option to add their own cross-chain transaction verifiers.
• LINK met resistance near $15, while the supplied chart analysis identifies $12-$13 as a potential support zone.

Chainlink’s LINK token outperformed a weaker crypto market following the launch of Cross-Chain Interoperability Protocol (CCIP) 2.0. 

The token gained about 6% in the session described in the supplied analysis, taking its 30-day advance to 30.3% and its year-to-date return into positive territory.

The upgrade gives financial institutions more control over transactions that move data or assets between blockchains. 

Traders appeared to welcome the announcement, though LINK’s approach to $15 brought a technical test after its recent rally.

CCIP 2.0 adds institution-operated verifiers

Cross-chain transfers require a way to confirm that an action occurred on one b...