LINK Breaks Resistance With Bullish Momentum and Institutional Demand
Chainlink’s native token, LINK, rallied 4.39% on Monday, breaking a critical resistance zone as it climbed from $16.65 to $16.83, briefly touching the $17 mark. The move follows a weekend pullback in the broader crypto market, positioning LINK as one of the top rebounders early in the week.
Trading volume tripled during the session, signaling increased demand and strong institutional activity behind the move.
Chainlink Introduces Data Streams for Equities and ETFs
Chainlink’s surge came after the rollout of its new product, Data Streams for U.S. equities and ETFs. The service delivers real-time, high-throughput pricing data for major financial instruments such as SPY, QQQ, NVDA, AAPL, and MSFT. These streams now run across 37 blockchain networks, providing critical infrastructure for on-chain financial services.
This marks a major milestone in connecting traditional markets with decentralized finance ecosystems.
Use Cases: Tokenized Stocks and Synthetic ETFs
The new data product opens the door to tokenized stock trading, perpetual futures, and synthetic ETFs built entirely on blockchain rails. Early adopters like Kamino, a Solana-based DeFi protocol, and GMX, a decentralized perpetuals exchange, have already integrated the service.
This integration creates new opportunities for DeFi protocols to offer real-world asset exposure without relying on centralized intermediaries.
LINK Price Outlook Remains Positive
From a technical perspective, LINK’s breakout came with strong momentum indicators. Analysts note that the break above $16.80 confirms bullish intent, and if volume sustains, LINK could push toward resistance around $17.50 to $18.00 in the short term.
The recent surge aligns with broader institutional efforts to leverage decentralized oracles for financial products, enhancing Chainlink’s utility and long-term value proposition.
Chainlink’s move into real-time equity data is a pivotal moment for the tokenization of real-world assets, giving DeFi markets access to institutional-grade feeds.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.