Modest rebound as stellar integration expands RWA reach

The native token of the Chainlink oracle network LINK$17.21 rebounded 3.6% on Friday, reversing some of Thursday’s losses as traders advanced around the key support level.

LINK briefly broke above the $17 level with an increase in trading volume (some 3 million tokens changed hands during a morning breakout), pointing to renewed accumulation, CoinDesk Research’s market analysis tool suggested. However, weakness during US trading hours brought LINK back below $17. Recently, the token was trading at $16.96.

On the news front, payments-focused Stellar (XLM) announced that it will integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP), data feeds, and data streams. The move allows developers and institutions that rely on Stellar to access real-time data and trusted cross-chain infrastructure for tokenized assets.

With over $5.4 billion in quarterly RWA volume and a rapidly growing DeFi footprint, Stellar’s adoption of Chainlink tools indicates growing demand for secure, interoperable financial infrastructure.

Key technical levels to consider:

LINK now holds short-term support at $16.37 with bullish targets at $17.46 and $18.00. Whether the token can take advantage of Friday’s bounce may depend on broader market flows and tracking dip buying.

• Support/Resistance: Solid support remains at $16.37 after multiple successful tests, while resistance at $17.46 shows repeated rejection patterns.
• Volume Analysis: 78% volume increase during the breakout attempt confirms institutional interest, explosive selling volume indicates a rebalancing of the position.
• Chart Patterns: The late-session liquidation pattern creates a classic oversold setup for accumulation strategies.
• Targets and Risk/Reward: Holding above $16.89 aims to retest $17.46 with a rise to $18.00, downside risk limited to support at $16.37.

Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk’s full AI policy.