Chainlink’s Real-Time Data Goes Live – Is LINK’s $17.64 Price Target Next?

Chainlink just flipped the switch on real-time data feeds—and the market's already buzzing. Can the oracle giant's native token ride this momentum to $17.64?

The upgrade slashes latency for DeFi protocols, giving traders a razor's edge. No more waiting for block confirmations—price updates now stream like a high-frequency trader's caffeine drip.

LINK bulls are circling. The token's hovering near key resistance levels, and this tech drop could be the catalyst that sends it screaming past the $17.64 psychological barrier. Meanwhile, legacy finance still uses fax machines to confirm trades.

Volatility warning: If adoption lags, LINK could get stuck in no-man's land between hype and utility. But with Chainlink powering nearly 80% of DeFi's data feeds? Bet against that at your own peril.

Chainlink has made a game-changing leap into real-world asset tokenization with its latest innovation, which is real-time data streams for U.S. equities and ETFs. These streams bring sub-second, context-rich pricing for key assets such as AAPL and SPY directly onchain. Already integrated by platforms like GMX and Kamino, this move positions chainlink as the infrastructure layer for institutional-grade DeFi. But does this innovation reflect in LINK’s price? Let’s dive into the charts and recent metrics to find out.

LINK Price Analysis:

At the time of writing, LINK is changing hands at $16.49, while being down -6.91% over the past 7 days. However, it is worth noting that the price bounced off a key support zone at $15.83. This suggests that buyers are stepping in after last week’s sell-off.

Speaking from a technical perspective, LINK recently saw a bearish MACD divergence, indicating exhaustion after July’s strong 21% rally. This was followed by a classic rejection at the upper Bollinger Band and the 20-day SMA, which is currently NEAR $17.76.

Looking ahead, $17.64 is the immediate resistance for Chainlink price. A break above this level could initiate a move towards the next major resistance at $20.22. Traders need to note that it is a level where heavy profit-taking was previously seen. Conversely, failure to hold above $15.83 could drag the price down to the $12 zone. 

Talking about RSI, it stands at 47.95, indicating neutral momentum but with a slight upward curve, hinting at a potential recovery if volumes confirm. However, 24-hour trading volume dropped by -13.81%, now this is a sign that the recent rebound may lack strong conviction.

FAQs

Chainlink’s recent data stream launch brings real-time U.S. equities and ETF pricing onchain, enabling secure and compliant financial products tied to real-world assets.

LINK is near key support with a potential breakout above $17.64. Conservative traders may wait for confirmation.

Future plans include expanded data coverage (commodities, OTC, forex), developer SDKs, and granular financial insights.