Chainlink (LINK) is holding a key support level while forming a bullish pennant, signaling potential for further upside for the LINK price. A breakout could strengthen momentum, while Charles Schwab’s planned platform expansion may increase LINK’s exposure to mainstream investors and support its broader adoption outlook.
At the time of writing, LINK is trading at $11.89 with a 24-hour trading volume of $449.77 million and a market capitalization of $8.89 billion. Following the 5.11% gain over the last 24 hours, the LINK price structure and network growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Chainlink (LINK) Double Bottom Signals $15 Rally as Grayscale Expands Holdings
LINK Price Targets $15 After Bullish Pennant Formation
According to the crypto analyst Crypto With Gopal, the LINK price is showing a bullish technical setup after a strong rally, with the token consolidating above the crucial $11 support level.
The price action has formed a bullish pennant, suggesting that buyers are absorbing selling pressure while maintaining control. Holding this support could strengthen the structure and keep expectations for another upward move intact.
Source: Crypto With Gopal’s X Post
A definitive breakout above the top line of the pennant formation would generate momentum, allowing the LINK price to move towards its target of $15.
However, it is imperative that traders watch out for high volumes to verify the validity of the breakout in order to prevent any fake-out signals. Otherwise, it will be crucial to hold on to $11.
Charles Schwab Expands Crypto Platform With LINK
The data from Chainlink further highlighted that Charles Schwab plans to launch support for three new cryptocurrencies, namely Chainlink (LINK), Solana (SOL), and Avalanche (AVAX), on its Schwab Crypto platform.
The decision will increase the list of cryptocurrencies offered by Charles Schwab other than Bitcoin and Ethereum. It will offer millions of traditional investors an easy way to invest in more cryptocurrencies through its platform.
Source: Chainlink’s X Post
The growth of LINK is especially important, as Schwab has an estimated number of active accounts for broking amounting to 39.8 million and total clients’ assets amounting to $13.1 trillion in the second quarter of 2026.
Although these assets will never enter the cryptocurrency world, they may be used by Schwab to increase the visibility of LINK.
What Comes Next for Chainlink?
The next step for the LINK price will depend on whether the buyers can protect the $11 support level and form a breakout above the bullish pennant.
The formation of a breakout supported by volume will take the LINK to the target of $15. In addition, the future plans of Charles Schwab in the crypto market might benefit the token.
Also Read: Chainlink Price Above $11 as DeFi Adoption Fuels LINK Rally
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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