Home Bitcoin Chainlink Deepens SWIFT Integrations: LINK Price Prediction for October

Chainlink Deepens SWIFT Integrations: LINK Price Prediction for October

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SWIFT goes on-chain with Chainlink, and UBS is already piloting fund trades, putting real-world finance one step closer to blockchain at scale. Will this integration push LINK price higher? Here’s the Link price prediction.

Chainlink has rolled out a new integration with SWIFT that allows banks to trigger tokenized fund subscriptions and redemptions directly onchain using standard ISO 20022 messages. 

The work runs through the Chainlink Runtime Environment (CRE) and was tested in a pilot with UBS Tokenize during Sibos week.

How Does Chainlink Connect SWIFT Messages to Blockchain Transactions?

The setup maintains legacy systems while integrating them with blockchain rails. Banks can use the same SWIFT system they already use, and CRE will turn ISO 20022 instructions into actions on the blockchain. 

The pilot utilized Chainlink’s Digital Transfer Agent (DTA) standard to manage tokenized fund orders throughout the entire subscription and redemption cycle.

According to the integration, the goal of the move is to scale up the adoption of tokenization in the $100 trillion global fund industry. This has been slow to happen because they need to keep their current back-office systems. 

The companies say that by adding blockchain operations to SWIFT’s long-standing messaging standard, banks can move funds onchain without having to make expensive changes.

The project builds on earlier initiatives, such as Project Guardian in 2024, which explored how tokenized assets can be integrated into traditional financial systems. 

The integration status of Chainlink, which analysts observe as a fundamental transition step between the banking system and the crypto asset market, and its coverage by the media of the crypto community illustrate its size and potential scope.

Chainlink referred to the new interface with SWIFT as a plug-and-play model that tries to minimize operational friction on banks and automates compliance and reconciliation. 

Chainlink’s native token, LINK, traded around $22-$23 on Tuesday, marking a 6% gain over 24 hours as part of a broader crypto rebound. Data from CoinGecko showed a daily range between $21.04 and $22.47, with a market cap of about $15.2Bn.

(Source: Coingecko)

Recent sessions have set $21-$20 as a short-term support zone. A breakdown below would expose August and September levels at $18-$19. 

On the upside, intraday prints near $22.5 leave $24-$25 as the next test from June highs. A strong daily close above that range could set up a retest of the $26-$28 band reached during prior rallies.

The pilot, carried out with UBS Tokenize during Sibos week, fits into a push to move traditional fund workflows onto blockchain without dismantling legacy rails. 

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Chainlink Price Prediction: Will LINK Hold Above $20?

Market analyst Ali Martinez noted that if this base remains intact, LINK could build momentum for a move toward $47.

Charts indicate that LINK has been trading within an upward channel since mid-2023. Both the upper and lower limits have acted as good indicators that the trend is increasing. 

The last bounce originated from the 0.786 Fibonacci retracement level at $20.11, indicating strong technical support. If prices drop below this point, they could approach $15, which is where the 0.618 retracement level is located.

LINK has been struggling to break through the 25 to 29 resistance as of now. The midline and significant Fibonacci levels of the channel compose this region. 

(Source: X)

When LINK breaks through its current level of $29.11, then it may initiate a rapid increase and hit the highest point of the channel. 

LINK has a history of consolidating before making big moves, and this pattern can also be seen in current projections.

If the bullish path holds, the next primary target sits at $46.59, near the 1.272 Fibonacci extension and the channel’s upper range. That level would mark a doubling from today’s price, but only if the $20 floor stays secure.

The overall setup leaves LINK at a turning point. Staying above $20 keeps bulls in control with the $30 range as the first hurdle. Losing this support, however, risks sending LINK back to mid-teen levels before any fresh rally attempt.

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The post Chainlink Deepens SWIFT Integrations: LINK Price Prediction for October appeared first on 99Bitcoins.





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