Chainlink expands institutional reach through Infosys partnership

Chainlink (LINK) is experiencing increased institutional interest and positive technical momentum. The company has entered a strategic partnership with Infosys, a $40 billion global IT leader, to accelerate institutional onchain finance. Additionally, Chainlink is reportedly building a collateral app chain with the DTCC for use in margin and loans.

On the supply side, the Chainlink Reserve has increased its holdings to over 6 million LINK tokens, accumulating approximately 373,791 tokens in September. This accumulation represents a significant pool of tokens held within the ecosystem.

Technical analysts note a bullish trend-reversal profile. LINK has been trading near $13.41, with key resistance levels identified between $13.64 and $14.80. If these levels are cleared, analysts suggest potential targets could reach between $15.42 and $19.65, provided the price maintains support above $12.80.