$3.6M Inflows And Ondo Deal Boost Confidence
The post $3.6M Inflows And Ondo Deal Boost Confidence appeared on BitcoinEthereumNews.com. Chainlink trades near $17.23 after defending $16.70, rebounding on Ondo Finance partnership news. Integration with Ondo’s $1.8B tokenized assets enhances Chainlink’s institutional market footprint. Positive $3.67M net inflows signal renewed accumulation as LINK eyes breakout above $18.80. Chainlink price today trades at $17.23, recovering after defending the $16.70 support zone. The rebound comes as the market digests Chainlink’s new partnership with Ondo Finance — a move that strengthens its role in institutional-grade tokenization and could mark the next catalyst for volatility expansion. Partnership Strengthens Chainlink’s Institutional Reach The alliance with Ondo Finance positions Chainlink as the primary oracle and interoperability provider for tokenized stocks and ETFs. Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), Ondo aims to offer secure cross-chain transfers for institutional clients. Ondo already manages over $1.8 billion in tokenized assets across multiple blockchains. The integration of Chainlink’s oracle system gives traditional institutions a pathway to on-chain markets with transparent and auditable data — a use case that directly supports Chainlink’s core value proposition. This partnership reinforces the perception that Chainlink’s price performance is tied not to speculative hype, but to real infrastructure demand within the emerging tokenized asset market. LINK Price Action Tests Key Compression Zone LINK Price Dynamics (Source: TradingView) Technically, Chainlink price continues to trade within a large symmetrical triangle, suggesting an extended consolidation before a breakout. The price currently oscillates near $17.20, bounded by resistance around $18.25–$18.80 and ascending support near $16.00. Related: Shiba Inu Price Prediction: Fed Cut And Trade Truce Set Stage For Rebound The 20-day EMA at $18.24 and 50-day EMA near $19.62 are converging, indicating reduced volatility and potential for a volatility expansion move in early November. A successful breakout above the 0.382 Fibonacci level at $18.67 could pave the way toward $20.54 (Fib 0.5) and $23.00 (Fib 0.618), both major resistance…
The post $3.6M Inflows And Ondo Deal Boost Confidence appeared on BitcoinEthereumNews.com.
Chainlink trades near $17.23 after defending $16.70, rebounding on Ondo Finance partnership news. Integration with Ondo’s $1.8B tokenized assets enhances Chainlink’s institutional market footprint. Positive $3.67M net inflows signal renewed accumulation as LINK eyes breakout above $18.80. Chainlink price today trades at $17.23, recovering after defending the $16.70 support zone. The rebound comes as the market digests Chainlink’s new partnership with Ondo Finance — a move that strengthens its role in institutional-grade tokenization and could mark the next catalyst for volatility expansion. Partnership Strengthens Chainlink’s Institutional Reach The alliance with Ondo Finance positions Chainlink as the primary oracle and interoperability provider for tokenized stocks and ETFs. Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), Ondo aims to offer secure cross-chain transfers for institutional clients. Ondo already manages over $1.8 billion in tokenized assets across multiple blockchains. The integration of Chainlink’s oracle system gives traditional institutions a pathway to on-chain markets with transparent and auditable data — a use case that directly supports Chainlink’s core value proposition. This partnership reinforces the perception that Chainlink’s price performance is tied not to speculative hype, but to real infrastructure demand within the emerging tokenized asset market. LINK Price Action Tests Key Compression Zone LINK Price Dynamics (Source: TradingView) Technically, Chainlink price continues to trade within a large symmetrical triangle, suggesting an extended consolidation before a breakout. The price currently oscillates near $17.20, bounded by resistance around $18.25–$18.80 and ascending support near $16.00. Related: Shiba Inu Price Prediction: Fed Cut And Trade Truce Set Stage For Rebound The 20-day EMA at $18.24 and 50-day EMA near $19.62 are converging, indicating reduced volatility and potential for a volatility expansion move in early November. A successful breakout above the 0.382 Fibonacci level at $18.67 could pave the way toward $20.54 (Fib 0.5) and $23.00 (Fib 0.618), both major resistance…
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