Chainlink (LINK) Price News: Modest Bounce as Stellar Integration Expands RWA Reach
Chainlink's LINK experienced a 3.6% rebound on Friday, driven by increased trading volume and institutional buying around key support levels. Despite earlier gains lifting it above $17, LINK faced weakness in the U.S. trading hours, settling at approximately $16.96. Stellar also announced its integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), Data Feeds, and Data Streams, enhancing developers' access to real-time data and cross-chain capabilities for tokenized assets. This signals a growing demand for secure financial infrastructure, as Stellar recently reported over $5.4 billion in quarterly RWA volume. Key technical indicators suggest LINK's support remains at $16.37, with resistance at $17.46, while a recent volume surge highlights institutional interest amid fluctuations.
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