Chainlink (LINK) Holds at $9.21 as Institutional RWA Adoption Gains Momentum

As of February 15, 2026, the Chainlink (LINK) token has recorded a modest uptick, currently trading at $9.21. This represents a 3.48% increase over the previous 24-hour period, occurring amidst a broader phase of market consolidation. Despite this gain, the asset remains positioned below the critical 20-day simple moving average (SMA) of $9.47, indicating that short-term selling pressure persists. Nevertheless, the network’s underlying fundamentals remain robust, particularly as it deepens its integration into the Real World Asset (RWA) tokenization space and manages substantial transaction volumes, contrasting with the current technical uncertainty.

The technical landscape for LINK currently presents a complex array of data points. The Relative Strength Index (RSI) is holding steady at 40.74, suggesting that the token is neither overbought nor oversold at this stage. Meanwhile, the MACD histogram sits at 0.0000, pointing toward a stagnation in bearish momentum. Price action is currently confined to the lower half of the Bollinger Bands, which confirms a period of volatility contraction. Key support levels for the near term are established at $8.98 and $8.76, while immediate resistance is found at $9.34, with a more significant barrier at $9.48.

Chainlink’s long-term trajectory is heavily supported by major institutional milestones achieved throughout 2026. Notably, the Bank of England selected Chainlink for its Synchronization Labs initiative, and Ondo Finance has integrated Chainlink oracles to power its tokenized stocks and exchange-traded funds (ETFs). These developments highlight Chainlink’s pivotal role in the RWA sector, which is projected to reach a potential market value of $16 trillion. In January 2026, co-founder Sergey Nazarov highlighted that the network facilitates over $27 trillion in transaction value and secures approximately 70% of the decentralized finance (DeFi) ecosystem.

Market analysts have offered optimistic outlooks for the token's performance throughout the year. On February 10, 2026, Coinbird experts projected that LINK could reach an average price of $22.20 over the course of 2026. Binance user sentiment for March 2026 suggests a more conservative trading range between $11.92 and $20.79, with a consensus average of $16.35. At the current price of $9.21, the risk-to-reward ratio appears favorable for many, with conservative entry points identified between $8.80 and $9.00. A sustained bullish breakout would require trading volumes to exceed $25 million, targeting the upper Bollinger Band boundary of $11.71.

Further bolstering its institutional standing, Chainlink Labs has joined a new advisory committee for the CFTC, enhancing its credibility among traditional financial entities. The partnership with Ondo Finance illustrates practical utility, as Chainlink serves as the official oracle provider for tokenized securities, allowing these assets to be utilized as collateral within DeFi. This integration utilizes the Cross-Chain Interoperability Protocol (CCIP), which the World Economic Forum has recognized as a vital solution for blockchain fragmentation. While short-term technical stagnation remains, these fundamental drivers in tokenization and institutional adoption provide a strong foundation for sustained long-term growth.