Chainlink (LINK) Price News: Momentum Shift Amid Plasma (XPL) Integration

Chainlink's token (LINK) experienced a 6.7% increase this week, boosted by institutional and protocol adoption, despite a slight pullback on Friday. The Plasma network has integrated Chainlink’s services to enhance stablecoin payments on its blockchain by utilizing Chainlink’s oracles, Cross-chain Interoperability Protocol (CCIP), Data Streams, and Data Feeds. This move emphasizes the launch of enterprise-grade stablecoin infrastructure for new layer-1 networks. Additionally, Swiss bank UBS is piloting Chainlink's CCIP with SWIFT for tokenized fund operations, indicating rising institutional interest. Technical analysis shows LINK established a higher low pattern but faces resistance at $23. The token traded between $22.13 and $23.09, hinting at renewed upward momentum as buying interest stabilized at critical support levels.

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