Chainlink (LINK) Price News: Modest Bounce as Stellar Integration Expands RWA Reach

Chainlink's LINK token saw a modest rebound of 3.6% on Friday, recovering from previous losses as strong trading volume and institutional buying emerged around key support levels. The token briefly surpassed $17 highlights, driven by a significant trading volume with approximately 3 million tokens changing hands during a breakout attempt. However, it retraced below this level during U.S. trading hours, settling around $16.96. This rebound coincides with Stellar's announcement of integrating Chainlink's Cross-Chain Interoperability Protocol (CCIP), Data Feeds, and Data Streams. This collaboration will enable developers on the Stellar platform to access real-time data and facilitate the flow of tokenized assets across chains. With Stellar's quarterly RWA volume exceeding $5.4 billion, the integration signifies a growing demand for secure and interoperable financial infrastructure. Analysts highlight near-term support for LINK at $16.37, with potential upside targets of $17.46 and $18.00, based on broader market movements and trading patterns.

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