Investor Brief Style
Chainlink Dips Below Support as Volume Doubles, Ondo Integration Expands Use Case
LINK dropped 8% to $16.92 in the last 24 hours as institutional sellers drove volumes to 3.94 million, almost twice the norm. The token broke through descending resistance, signaling a continuation of its corrective phase despite strong ecosystem news.
Ondo Finance has chosen Chainlink to supply price feeds for over 100 tokenized assets, including ETFs and stocks, as part of a broader integration of CCIP cross-chain solutions. The deal strengthens Chainlink’s foothold in real-world asset tokenization.
In parallel, the Chainlink Reserve executed a 64,445 LINK buyback—its largest since August—boosting holdings to $11 million.
Key technicals: Resistance at $17.00, stronger near $18.20; support seen around $16.50–$16.00. The recent volume spike confirms institutional selling, though oversold conditions hint at potential stabilization.
