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

Chainlink's LINK token experienced a 3.6% rebound, recovering from previous losses as traders responded to key support levels. A notable increase in trading volume indicated renewed investor interest, particularly during a morning surge where three million tokens exchanged hands. However, the token subsequently fell below the $17 mark amid weakness in the U.S. trading hours. Currently, LINK holds near support at $16.37, with resistance levels at $17.46 and $18.00. The boost in LINK's value coincides with Stellar's announcement of its integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP), Data Feeds, and Data Streams, aimed at enhancing tokenized asset flows across blockchains. This integration signifies Stellar’s growing demand for secure and efficient financial infrastructure, especially notable with its quarterly RWA volume surpassing $5.4 billion. This development is set to influence the broader decentralized finance space as developers gain access to real-time data and trusted cross-chain infrastructure.

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