Stellar Partnership Lifts Chainlink Sentiment as LINK Rebounds from Key Support
After a week of volatile trading, Chainlink’s LINK token bounced 3.6% to $16.96 on Friday, recovering part of its midweek decline. The rebound came as traders accumulated around the $16.37 support zone, with intraday volumes surging 78% above average.
The upside momentum coincided with Stellar’s announcement to integrate Chainlink’s CCIP, Data Feeds, and Data Streams, a move aimed at enabling seamless tokenized asset transfers and multi-chain finance applications. Stellar’s adoption of Chainlink infrastructure — supported by $5.4 billion in quarterly RWA volume — reinforces growing demand for secure, interoperable on-chain data networks.
Technically, LINK’s structure remains constructive above $16.37, while the next hurdles lie at $17.46 and $18.00. Analysts note that the recent flush-out pattern and strong volume confirm a potential setup for short-term accumulation if broader crypto sentiment stabilizes.
