Chainlink LINK Price Outlook: Can Real-Time Data Feeds Propel It to $17.64?

Chainlink has launched real-time data streams for U.S. equities and ETFs, a major leap forward in real-world asset tokenization. Sub-second pricing feeds for assets like AAPL and SPY are now available onchain, with integrations already active on platforms including GMX and Kamino. This cements Chainlink's position as essential infrastructure for institutional-grade DeFi.

LINK's current price is $16.49, showing a 6.91% drop over the past week. The cryptocurrency found support at $15.83, indicating buyer interest after recent sell-offs. Technical analysis reveals a bearish MACD divergence following July's 21% surge, with resistance near $17.76.

The $17.64 level stands as immediate resistance, with a potential breakout eyeing $20.22. However, this zone has historically seen significant profit-taking. If support at $15.83 fails, a drop toward $12 could be in play.