Chainlink’s LINK Sees a Rebound Amid Stellar Integration
- The native token of Chainlink, LINK, bounced by 3.6% on Friday, trading at $16.96.
- Trading volume surged to about 3 million tokens during a morning breakout attempt.
- Stellar (XLM) announced the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), enhancing its financial infrastructure.
- Stellar reported over $5.4 billion in quarterly Real World Asset (RWA) volume, indicating strong demand for secure financial solutions.
- Key support for LINK is at $16.37, with upside targets set at $17.46 and $18.00.
The integration of Chainlink’s tools by Stellar allows developers to access real-time data and cross-chain capabilities, reflecting the growing need for interoperable financial systems in DeFi.
As LINK rebounds from recent lows, holding above $16.89 could target a retest of $17.46, highlighting institutional interest in the asset.(Source)
