Chainlink Upgrades Data Streams for Real-Time US Stock Pricing
- Data Stream Upgrade: On April 12, Chainlink launched its 24/5 US Equities Streams, providing real-time stock and ETF data covering approximately $80 trillion in market value, significantly enhancing decentralized finance protocols' access to critical market data and strengthening its competitive position in the financial landscape.
- Integration Partnerships: Several decentralized exchanges, including Lighter and ApeX, along with BitMEX, have signed on to integrate the streams, with Lighter's CEO stating that this integration allows the platform to offer low-latency execution beyond regular market hours while ensuring data integrity, thereby improving user experience and trading efficiency.
- Growing Market Demand: With the tokenized real-world asset market projected to reach $27 billion by 2026, Chainlink's oracle infrastructure has become the preferred choice for institutions tokenizing equities, funds, and bonds on-chain, further solidifying its market leadership.
- Price Trend Analysis: The LINK token is currently trading between $9.14 and $9.25, having rebounded from recent lows but still down approximately 34% year-over-year; analysts note that a breakout above the $9.50 resistance level will require sustained institutional adoption signals.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 6 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00021 | 0.000251 | 0.000289 | 0.00033 | 0.000368 | 0.000409 | 0.000447 |
| Fibonacci | 0.000251 | 0.000281 | 0.0003 | 0.00033 | 0.00036 | 0.000379 | 0.000409 |
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