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Chainlink's CCIP 2.0 launch sparks price rise, but LINK falls amid broader crypto sell-off.

Technical Signals
09 Oct 2026
AMBCrypto
View Source
Bearish
Chainlink's CCIP 2.0 launch sparks price rise, but LINK falls amid broader crypto sell-off.

Chainlink released its Cross-Chain Interoperability Program (CCIP) version 2.0 on September 28, initially pushing LINK prices up to $15.77. However, the price dropped 8.12% on the same day and has since retraced about 18.4%, influenced by a wider crypto market downturn in October. Technical analysis shows a bearish short-term trend with potential support around $11.72-$12.00, while the overall longer-term outlook remains bullish. Investors are advised to watch for price reactions near these support levels before buying.

Chainlink's LINK token trades at Rp230.871 on Pluang as of Oct 09, 2026 15:22 WIB, showing a modest 1.43% decline over the past day. The platform records a strong buying interest with 84% of orders favoring buys. Typical holding time for LINK on Pluang is 63 days, indicating a medium-term investor commitment despite recent price volatility.

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