Chainlink Acquires Atlas, LINK Price Retreats to Key Support Level
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 6d ago- Price Retreat: Chainlink (LINK) price has retreated to $12, marking its lowest level since January 1, erasing all gains made this year and falling 56% from its 2025 high, indicating a significant decline in market confidence.
- Acquisition of Atlas: Chainlink has acquired Atlas, a platform developed by Fastlane, onboarding key employees, which will enhance Chainlink's competitive edge in the order flow and value recapture industry, solidifying its leadership position in the decentralized finance (DeFi) space.
- New Service Launch: The acquisition follows Chainlink's launch of Equities Streams, which will provide 24/5 data on U.S. stocks and ETFs, aimed at facilitating companies in offering tokenized assets as the tokenization trend continues to grow, further establishing Chainlink's pivotal role in the tokenization industry.
- Technical Analysis: Technical indicators reveal that LINK price has fallen below the 50-day moving average and is forming a bearish flag pattern, suggesting potential further declines in the near term despite strong fundamentals, with a key support level to watch at $10, necessitating close monitoring by investors.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
