LINK Climbs 4% as Chainlink Unveils Real-Time Data Feeds for U.S. Stocks and ETFs
Chainlink’s native token LINK rallied 4% on Monday, extending its recovery from last week’s broader crypto downturn. The surge followed the launch of Chainlink’s latest product, aimed at integrating traditional financial data directly into blockchain networks.
LINK reached an intraday high of $17, marking a nearly 10% rebound from weekend lows, according to CoinDesk data. The price jump coincided with Chainlink’s rollout of real-time data streams for U.S. equities and ETFs. The new service delivers high-frequency, low-latency pricing for major assets—including SPY, QQQ, NVDA, AAPL, and MSFT—across 37 blockchain networks.
According to Chainlink, the feature is designed to power emerging use cases such as tokenized stock trading, synthetic ETFs, and perpetual futures, enabling developers to bridge traditional financial instruments with decentralized infrastructure.
Early adopters include Kamino, a Solana-based DeFi protocol, and GMX, a decentralized perpetuals trading platform, both of which have already begun using the data streams.
“This is a significant leap forward for tokenized markets—closing a critical gap between traditional finance and blockchain infrastructure,” said Johann Eid, Chief Business Officer at Chainlink Labs.
Technical Analysis: LINK Eyes $17 as Momentum Builds
LINK demonstrated strong upside momentum throughout the 24-hour trading session, gaining 4.39% from $16.16 to $16.87. The move was supported by rising volume and a clear bullish structure, characterized by a sequence of higher lows.
Key technical observations from CoinDesk Research:
- Initial support formed at $16.11, with buyers stepping in early.
- A high-volume base developed at $16.29 during the midnight UTC surge.
- Resistance at $16.87 was tested repeatedly and backed by strong trading activity.
- A breakout zone between $16.65 and $16.83 has now flipped into support.
- Volume peaked at over 1.53 million LINK around 13:00 UTC—nearly 3x the average.
- Sustained volume above 30,000 tokens during rally phases validated the upward move.
- The persistent pattern of higher lows signals continued bullish sentiment.
With momentum accelerating and LINK approaching the $17.00 psychological barrier, market structure points to a potential extension of gains if buying pressure holds.
