Oracle Network Chainlink’s native token Tuesday’s choppy session saw it swing just above $18 amid pace of real-world adoption.
CoinDesk Research’s market analysis model showed that trading volume has increased to 2.27 million tokens, which is 91% higher than the daily average, but resistance at the $19 level has limited many rally attempts.
On the news front, Chainlink on Tuesday announced a partnership with Balcony, a real estate tokenization platform that works with local governments. Balcony will use Chainlink’s Runtime Environment (CRE) to bring over $240 billion worth of government-sourced asset data onto the chain. The partnership aims to make real estate assets programmable, transparent and verifiable, starting from parcel-level land records.
Balcony’s Keystone platform, powered by Chainlink CRE, allows authenticated property data to flow directly onto the chain, helping to create a tailored digital real estate marketplace. The deal also underlines Chainlink’s growing role in tokenized real-world assets (RWAs), where secure, regulated data management is key to institutional adoption.
Meanwhile, Virtu, a Swedish-regulated digital asset manager and crypto fund issuer, said on Tuesday it has integrated Chainlink’s Proof of Reserve service into its $450 million digital asset exchange-traded products (ETP). This feature verifies and reports aggregated asset holdings in Fun without disclosing individual wallet addresses, giving investors assurance that the ETP owns the underlying assets.
Key technical levels signal bullish continuation for LINK
- Support/Resistance: Primary support remains at $18.21 and secondary support near $18.30, while resistance remains firm at $18.82 and overhead supply is expected near $19.00.
- Volume Analysis: The breakout volume of 2.27 million tokens exceeded the volume average by 91%, validating institutional participation and momentum.
- Chart Pattern: The ascending structure from the low of $18.04 was completed with a decisive breach confirming the uptrend.
- Targets and Risk/Reward: Immediate upside target psychological level of $19.00; The downside risk lies in the support area at $18.40.
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