Chainlink's LINK Bounces 3.6% From Lows; Stellar Integration Expands RWA Reach

Core Insights - Chainlink's native token (LINK) experienced a 3.6% rebound on Friday, recovering from previous losses as traders engaged around a key support level [1] - Stellar (XLM) announced the integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP), enhancing access to real-time data and cross-chain infrastructure for developers and institutions [2] - Technical analysis indicates LINK's near-term support at $16.37, with potential upside targets at $17.46 and $18.00, contingent on market dynamics [3] Market Activity - LINK's trading volume surged to approximately 3 million tokens during a morning breakout, indicating renewed accumulation despite a subsequent decline during U.S. trading hours [1] - Stellar's adoption of Chainlink tools reflects a growing demand for secure and interoperable financial infrastructure, supported by over $5.4 billion in quarterly RWA volume [2] Technical Analysis - Solid support for LINK is established at $16.37, with resistance at $17.46 showing repeated rejection patterns [5] - A significant 78% volume increase during the breakout attempt suggests institutional interest, while explosive selling volume indicates position rebalancing [5] - The late-session flush-out pattern indicates a classic oversold setup, presenting opportunities for accumulation strategies [5]