Chainlink rises 5% as Charles Schwab to list LINK, SOL, AVAX

Bullish Pennant Signals Potential Upside

Technical analysis points to the $11 mark as a crucial support level for LINK. Charts indicate that a bullish pennant pattern has developed, often interpreted as a signal for potential upward momentum following a prior rally.

Crypto analyst Crypto With Gopal shared the latest setup on X, noting that LINK’s price is consolidating above this key level after a strong initial surge. He pointed out that market participants appear to be defending the $11 threshold, which could sustain the pattern’s validity and increase the chances of another upward movement.

After an impressive rally, LINK has settled above support, with buyers holding control and overall sentiment staying positive. Should a breakout above the pennant occur, it could pave the way for a push towards $15.

According to Gopal, for the bullish setup to play out, the top trendline of the pennant must be decisively breached. If volume supports this move, LINK could rally toward the next target near $15. However, he cautioned that a failure to maintain support at $11 would weaken the bullish structure and possibly trigger selling pressure.

Analysts continue to warn that a lack of volume on the next move could result in a false breakout, while sustained trading above key support will remain essential for bullish momentum.

Charles Schwab Expands Crypto Offering

In a significant development for traditional investors, Charles Schwab announced plans to add Chainlink (LINK), Solana (SOL), and Avalanche (AVAX) to its Schwab Crypto platform. As the largest brokerage in the United States, Charles Schwab provides investment and trading services to a vast clientele.

The move broadens Schwab’s digital asset suite beyond its existing offerings of Bitcoin and Ethereum, opening new channels for mainstream exposure to these altcoins. With 39.8 million active brokerage accounts and $13.1 trillion in client assets reported in the second quarter of 2026, Schwab’s platform provides access to a substantial investor base.

Although the direct flow of assets from traditional investors to crypto may take time, analysts suggest the listings could enhance the profile of LINK, SOL, and AVAX in mainstream portfolios.

Charles Schwab’s expansion comes as interest in digital assets continues to mount among both retail and institutional segments. The firm’s growing footprint in crypto underlines the increasing convergence of traditional finance and digital asset markets.

The outlook for LINK now revolves around the token’s ability to hold the $11 support level and the confirmation of a bullish breakout supported by strong volume.

Mini dictionary: Charles Schwab is a leading US-based brokerage and wealth management firm offering investment, banking, and advisory services to individual and institutional clients.