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

Chainlink (LINK) has experienced a rebound of 3.6% after reaching a key support level, signaling renewed interest from traders. The token, which briefly rose above the $17 mark during high trading volume, faced some weakness later in the U.S. market but remained above critical support. Additionally, Stellar announced an integration with Chainlink, utilizing its Cross-Chain Interoperability Protocol (CCIP) and data services to enhance the movement of tokenized assets across different blockchains. This partnership reflects growing institutional demand for secure and interoperable financial infrastructures, particularly as Stellar sees a rising volume in real-world assets (RWA). Current technical indicators show LINK needs to maintain its position above $16.37 for a stronger upside potential, with targets of $17.46 and $18.00 in sight. A significant surge in trading volume suggests strong institutional interest despite market volatility.

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