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Bitwise Chainlink ETF Gains DTCC Eligibility as LINK Price Holds Above $15

**Bitwise Chainlink ETF Gains DTCC Eligibility as LINK Price Holds Above $15**

The Bitwise Chainlink ETF (ticker: CLNK) has been added to the Depository Trust & Clearing Corporation (DTCC) eligibility list, marking an important procedural milestone in the fund’s preparation for potential market settlement.

### What Does DTCC Eligibility Mean?

According to data shared by Wu Blockchain, inclusion on the DTCC list is a standard step in the clearing and settlement process for new ETFs. This designation allows the Bitwise Chainlink ETF to integrate with technical systems once all necessary regulatory approvals are secured.

It’s important to note that DTCC eligibility does **not** indicate approval from the Securities and Exchange Commission (SEC) nor does it signal an imminent trading start. Rather, it reflects readiness for operational setup, a key part of launching an ETF in the U.S. market.

### Significance for Chainlink and Institutional Investors

This procedural update has drawn attention from traders monitoring institutional engagement within Chainlink’s expanding ecosystem. Bitwise’s ETF proposal aims to bridge decentralized data infrastructure with regulated financial frameworks, aligning with broader industry efforts to introduce blockchain-linked products backed by institutional capital.

Though no official launch date has been announced, the ETF’s progress reinforces Chainlink’s growing visibility among large market participants and sparks renewed discussions on its role in traditional finance.

### LINK Price Update: Rebound and Resistance Levels

CoinGecko data indicates LINK is trading near $15.38, recovering from intraday lows around $15.23. Despite a 7.5% decline over the past 24 hours, the token remains approximately 7.25% higher on the week, reflecting a volatile but positive rebound period.

The daily price range between $15.23 and $16.70 signals sustained volatility amid shifting market sentiment. Earlier in November, LINK dropped to 2025 lows near $14 following a Bitcoin-led market correction. Since then, increased on-chain activity and growing institutional inflows have supported its bounce toward the key $16-$17 resistance zone.

### Market Outlook and Trader Sentiment

Market observers note that traders appear to be accumulating LINK positions ahead of potential catalysts linked to heightened institutional interest. Wu Blockchain reported that the ETF’s DTCC listing has fueled speculation about deeper institutional integration, although no regulatory decisions have yet been confirmed.

Trading volumes remain elevated, indicating robust participation from both retail and institutional desks. The $15 support level now stands as a critical short-term threshold to maintain the bullish structure. As the market consolidates gains, buyers continue to defend intraday lows while resistance near $17 persists.

Traders are closely watching for a breakout above this resistance, which could signal renewed upward momentum for LINK in the near term.

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*The developments surrounding the Bitwise Chainlink ETF and LINK’s price actions underscore growing institutional interest and the evolving integration of blockchain technology within traditional financial markets.*

*Stay tuned for more updates as this story progresses.*

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*Original article source: Blockonomi*
https://bitcoinethereumnews.com/tech/bitwise-chainlink-etf-gains-dtcc-eligibility-as-link-price-holds-above-15/

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.
https://bitcoinethereumnews.com/tech/modest-bounce-as-stellar-integration-expands-rwa-reach/?utm_source=rss&utm_medium=rss&utm_campaign=modest-bounce-as-stellar-integration-expands-rwa-reach

Solana Holds Strong, Chainlink Pauses, as BlockDAG’s Kraken–Coinbase Leak Ignites Market Excitement Ahead of 2025

Crypto markets continue to show cautious optimism this week. Among large-cap coins, Solana (SOL) remains one of the most actively traded assets, maintaining strong momentum amid fluctuating market conditions.

Meanwhile, Chainlink has entered a brief pause phase, as investors assess upcoming developments and market signals. This steady behavior contrasts with recent buzz generated by other industry news.

Notably, the recent Kraken–Coinbase leak related to BlockDAG technology has ignited excitement across the crypto community. Market participants are closely watching these unfolding events as they anticipate potential impacts leading up to 2025.

The continued activity surrounding Solana, alongside key market updates and emerging technologies, highlights the dynamic nature of the crypto landscape as we move forward.

*The post Solana Holds Strong, Chainlink Pauses, as BlockDAG’s Kraken–Coinbase Leak Ignites Market Excitement Ahead of 2025 appeared first on Coindoo.*
https://coindoo.com/solana-holds-strong-chainlink-pauses-as-blockdags-kraken-coinbase-leak-ignites-market-excitement-ahead-of-2025/