Chainlink (LINK) Price: CustodySync Goes Live With Anchorage Digital

TLDR

Chainlink launched CustodySync with Anchorage Digital, letting institutions borrow in DeFi while assets stay in custody. LINK traded near $11.36 to $11.48, below the $12 resistance level. Derivatives volume rose 45.56% to $380.98 million, while LINK ETFs saw zero net inflows on October 26. Chainlink estimates $700 billion in digital assets sit in institutional custody. Support sits at $10.35 and $10, with resistance near $11.60 and $12.

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Chainlink (LINK) traded between $11.36 and $11.48 this week after the launch of CustodySync, a new product for institutional lending. The token remains below the $12 resistance level after several failed recovery attempts in October.

Chainlink (LINK) Price

The broader crypto market also weakened. Total market capitalization fell 0.50% to $2.66 trillion in 24 hours, with Bitcoin below $80,000. Traders are cautious ahead of the Federal Reserve decision.

What CustodySync Does

Chainlink announced CustodySync on October 26 with Anchorage Digital as its launch partner. The product lets institutions borrow in DeFi lending markets while their collateral stays with a qualified custodian.

Introducing Chainlink CustodySync, a new solution that lets qualified custodians give their institutional clients access to DeFi lending markets, all while assets remain securely in custody.

With @Anchorage as the official launch partner, together we’re establishing a new… pic.twitter.com/T1VxU72ckw

— Chainlink (@chainlink) October 26, 2026

CoinMarketCap shared the news on X, noting that custody clients can tap DeFi lending while assets stay in custody. Anchorage Digital Bank uses its Atlas Collateral Management system to coordinate loans and monitor collateral.

Chainlink Proof of Reserve records custody balances onchain. Data Feeds and Data Streams supply prices used to calculate loan-to-value ratios. The Chainlink Runtime Environment handles communication between the custody and onchain systems.

Chainlink estimates institutions hold about $700 billion in digital assets in custody. It compared that with roughly $250 trillion in traditional assets under custody.

Anchorage Digital CEO Nathan McCauley said the setup links custody protections with onchain liquidity. Chainlink has not disclosed any borrowing volume or lending commitments tied to the launch.

LINK Price and Market Data

On the daily chart, LINK’s relative strength index stood at 35, bearish but above the oversold level of 30. The $10.35 support level is in focus.

Analyst CryptoBullet posted a daily LINK chart on X marking a buy zone of $9.50 to $10.50. The analyst set a 2027 target of $20 or more.

$LINK 1D chart

Buy Zone: $9.5-10.5

🎯 2027 Target – $20+ pic.twitter.com/klxFtFjJ8g

— CryptoBullet (@CryptoBullet1) October 27, 2026

Chainlink derivatives volume climbed 45.56% to $380.98 million, according to CoinGlass. Open interest rose 1.69% to $567.73 million.

SoSoValue data shows Chainlink ETFs recorded zero net inflows on October 26. Cumulative net inflows stand at $179.23 million, and total net assets are $201.59 million.

Grayscale’s GLNK fell 4.74% to $10.05. Bitwise’s CLNK dropped 5.36% to $20.48.

On the hourly Coinbase chart, LINK traded at about $11.476 on October 26. That is down from a local peak near $12.70 on October 21. The hourly RSI read 52.11.

LINK first faces resistance near $11.60, then the $11.80 to $12 zone. A close above $12 could open the way to $13. Below $11.40, the $11.20 support area comes into focus.

A daily close below $10 would put $9.80 in view, followed by the $8 consolidation zone. At the time of reporting, LINK traded near $11.48.

Chart Analysis

LINK looks like it’s basing on the hourly, with candles tightening around $11.40 to $11.50 after that slide from $12.70. RSI sitting just above 50 and a small positive MACD say buyers are showing up, but only barely. Not a reversal yet.

Bulls need a clean reclaim of $11.60, then the $12 wall. Watch the $11.40 floor. Lose it and $11.20 is next.

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