Modest Bounce as Stellar Integration Expands RWA Reach

The native token of the Oracle network, Chainlink (LINK), priced at $17.15, bounced 3.6% on Friday, reversing some of Thursday’s losses as traders stepped in around a key support level.

LINK briefly cleared the $17 mark during a morning breakout, accompanied by a surge in trading volume. Approximately 3 million tokens changed hands, pointing to renewed accumulation, according to CoinDesk Research’s market insight tool. However, weakness during U.S. trading hours pushed LINK back below $17. At the time of writing, the token was trading at $16.96.

### Recent Developments

On the news front, payments-focused Stellar (XLM) announced plans to integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP), Data Feeds, and Data Streams. This integration enables developers and institutions building on Stellar to access real-time data and trusted cross-chain infrastructure for tokenized assets.

With over $5.4 billion in quarterly Real-World Asset (RWA) volume and a fast-growing DeFi footprint, Stellar’s adoption of Chainlink tooling signals expanding demand for secure, interoperable financial infrastructure.

### Key Technical Levels to Watch

– **Support:** LINK holds near-term support at $16.37, having successfully tested this level multiple times.
– **Resistance:** Upside targets are set at $17.46 and $18.00, with $17.46 showing repeated resistance and rejection patterns.

Whether the token can build on Friday’s rebound will likely depend on broader market flows and follow-through from dip-buying activity.

### Volume Analysis

A 78% surge in volume during the breakout attempt highlights strong institutional interest. However, explosive selling volume observed later indicates ongoing position rebalancing by traders.

### Chart Patterns and Trading Strategy

A late-session flush-out pattern has created a classic oversold setup, which could be attractive for accumulation strategies.

### Targets & Risk/Reward

– Holding above $16.89 targets a retest of $17.46, with potential upside extending to $18.00.
– Downside risk is limited by solid support at $16.37.

Traders are advised to monitor these levels closely and consider broader market conditions when making trading decisions.
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