Holds $11 Support as Bullish Pennant Forms

TLDR

• LINK trades near $11.89, up 5.11% over the last 24 hours
• A bullish pennant pattern points to a possible breakout toward $15
• The $11 level is acting as key support for the current structure
• Charles Schwab plans to add LINK, SOL, and AVAX to its crypto platform
• Schwab holds 39.8 million brokerage accounts and $13.1 trillion in client assets

---

Chainlink is trading at $11.89 at the time of writing. The token has gained 5.11% over the past 24 hours.

Trading volume over the same period reached $449.77 million. LINK’s market capitalization stands at $8.89 billion.

The price chart shows LINK holding above $11. This level has become a key support zone for traders watching the token.

A pattern known as a bullish pennant has formed on the chart. This shape often appears after a strong price move and can signal more upside.

Crypto analyst Crypto With Gopal shared this setup in a post on X. He pointed out that LINK is consolidating above the $11 support after a strong rally.

According to Gopal, buyers are absorbing selling pressure while keeping control of the price. Holding the $11 level could keep the setup intact for another move higher.

Breakout Target Sits at $15

A clear break above the top line of the pennant would confirm the pattern. If that happens, traders are watching $15 as the next target for LINK.

Volume will play a role in confirming any breakout. Low volume moves can turn into fake-outs that reverse quickly.

If the breakout does not happen right away, holding the $11 support remains the main focus. Losing that level could weaken the current structure.

Charles Schwab Adds LINK to Its Platform

Chainlink shared news on X that Charles Schwab plans to add three new tokens to its Schwab Crypto platform. The tokens are Chainlink (LINK), Solana (SOL), and Avalanche (AVAX).

This move expands the list of cryptocurrencies Schwab offers beyond Bitcoin and Ethereum. It gives more traditional investors a way to access these tokens through a platform they already use.

Schwab reported 39.8 million active brokerage accounts in the second quarter of 2026. The firm also held $13.1 trillion in total client assets during that period.

Not all of these assets will move into crypto markets right away. Still, the listing could raise LINK’s visibility among a wider group of investors.

The next moves for LINK depend on two things. One is whether buyers protect the $11 support level, and the other is whether the pennant breakout confirms with volume.

The post Chainlink (LINK) Price: Holds $11 Support as Bullish Pennant Forms appeared first on Blockonomi.

Source: https://blockonomi.com/chainlink-link-price-holds-11-support-as-bullish-pennant-forms/