Chainlink has made a game-changing leap into real-world asset tokenization with its latest innovation, which is real-time data streams for U.S. equities and ETFs. These streams bring sub-second, context-rich pricing for key assets such as AAPL and SPY directly onchain. Already integrated by platforms like GMX and Kamino, this move positions Chainlink as the infrastructure layer for institutional-grade DeFi. But does this innovation reflect in LINK’s price? Let’s dive into the charts and recent metrics to find out.
At the time of writing, LINK is changing hands at $16.49, while being down -6.91% over the past 7 days. However, it is worth noting that the price bounced off a key support zone at $15.83. This suggests that buyers are stepping in after last week’s sell-off.
Speaking from a technical perspective, LINK recently saw a bearish MACD divergence, indicating exhaustion after July’s strong 21% rally. This was followed by a classic rejection at the upper Bollinger Band and the 20-day SMA, which is currently near $17.76.
Looking ahead, $17.64 is the immediate resistance for Chainlink price. A break above this level could initiate a move towards the next major resistance at $20.22. Traders need to note that it is a level where heavy profit-taking was previously seen. Conversely, failure to hold above $15.83 could drag the price down to the $12 zone.
Talking about RSI, it stands at 47.95, indicating neutral momentum but with a slight upward curve, hinting at a potential recovery if volumes confirm. However, 24-hour trading volume dropped by -13.81%, now this is a sign that the recent rebound may lack strong conviction.
Chainlink’s recent data stream launch brings real-time U.S. equities and ETF pricing onchain, enabling secure and compliant financial products tied to real-world assets.
LINK is near key support with a potential breakout above $17.64. Conservative traders may wait for confirmation.
Future plans include expanded data coverage (commodities, OTC, forex), developer SDKs, and granular financial insights.
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