Chainlink (LINK) Surges 4% After Launching Real-Time U.S. Equities & ETF Data Streams
Chainlink jolts crypto markets with its latest power move—bringing Wall Street to blockchain.
Price pumps as data goes live
LINK bulls charge ahead as the oracle network flips the switch on real-time stock and ETF feeds. That 4% rebound? Just traders getting their first taste of institutional-grade data—finally something hedge funds might actually pay for.
Mainstream meets DeFi
No more cobbling together delayed Nasdaq quotes from sketchy APIs. Chainlink’s new streams deliver millisecond-level equity pricing—because even crypto degens deserve accurate Tesla tickers when YOLOing their life savings.
The cynical take
Wall Street’s about to realize blockchain moves faster than their 1970s-era settlement systems. Too bad they’ll still take three business days to wire the check for this tech.
Technical Analysis Shows Strong Momentum
LINK exhibited remarkable bullish performance throughout the 24-hour trading session, climbing from $16.16 to $16.87 and delivering a substantial 4.39% gain, according to CoinDesk Research's technical analysis model.
The persistent upward momentum, distinguished by progressively higher lows and consistently above-average volume during rally phases, indicates sustained bullish market sentiment with strong potential for additional gains targeting the $17.00 psychological threshold, the model said.
Technical Indicators- Normal support established at $16.11 representing the initial session low during the 24-hour period.
- High-volume support confirmed at $16.29 during the midnight UTC surge with significant trading activity.
- Key resistance formed at $16.87 with strong volume confirmation and multiple test attempts.
- Volume spike to 1,533,754 units during the 4 August 13:00 hour, nearly triple the average volume.
- Breakout pattern confirmed from $16.65 to $16.83 establishing critical resistance turned support level.
- Higher lows pattern maintained throughout the rally indicating sustained bullish momentum.
- Volume confirmation above 30,000 units during key rally phases supporting upward price action.
Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
