Chainlink has increased the number of APAC Equities Streams, providing developers with access to data regarding equities from leading Asian firms. This move will make it easier for developers to create on-chain financial applications. Moreover, the technical setup of the LINK price suggests that the price may start to rise soon, as explained by the analyst Alex Marzell.
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Chainlink Expands Equity Data Coverage Across Asia-Pacific
Chainlink has launched its APAC Equities Streams across five major Asian markets, expanding access to traditional equity market data for blockchain developers. The coverage includes China, Hong Kong, Japan, South Korea, and Taiwan, featuring major companies such as TSMC, Tencent, Samsung, SK Hynix, and BYD. The development strengthens Chainlink’s position in the growing tokenized equities sector as developers gain access to financial data for building onchain markets.
Chainlink has rolled out its APAC Equities Streams for the first time in five key Asian countries. Chainlink is making available the traditional stock market information that is now accessible to developers working in blockchain projects in these regions. These include China, Hong Kong, Japan, South Korea, and Taiwan. Some of the listed corporations include TSMC, Tencent, Samsung, SK Hynix, and BYD.
Also Read: Chainlink Advances Tokenized Bond Compliance as LINK Price Eyes Recovery
APAC Equity Expansion Strengthens RWA Ecosystem
The feeds offer new opportunities for building on-chain financial applications using the equity market data of top Asian-Pacific corporations. The feeds may help create tokenized stock markets, derivatives, and other financial instruments based on blockchain technology.
Expansion will also increase the exposure of Chainlink to conventional finance, as there is an increasing demand for tokenization and reliable market data in this space. Through connecting conventional equity markets to blockchain applications, Chainlink intends to build the foundation needed to offer more accessible on-chain financial instruments.
The feeds are also being added to various platforms like Lighter, Jupiter, and Predict.fun, giving developers more chances to make use of the data infrastructure.
LINK Price Faces Resistance After Defending Support
The technical formation of the LINK price chart continues to be a critical point of concern for investors after experiencing a drop in prices. Before the current downturn, the LINK price had been experiencing heavy buying at the $7.30-$7.50 support level, according to Alex Marzell.
On the near-term basis, the level of $10.50 is significant for support, whereas $11.60-$11.80 is the immediate resistance level. Any movement above the resistance will be favorable for the formation of the recovery pattern.
In contrast, LINK must first be able to break through the downtrend resistance in order to confirm a trend reversal. A breakout from current support levels could lead to further selling of the token.
Alex Marzell Sees Potential LINK Rally Toward $24
According to crypto analyst Alex Marzell, Chainlink could be nearing another significant expansion period after defending its macro support region.
According to the expert, the support level of $7.30-$7.50 produced yet another powerful bounce. In addition, he noted that another deep retracement is less probable, and therefore, his focus shifted toward further bullish continuation and approach to the macro downtrend resistance.
Source: Alex Marzell’s X Post
Marzell’s macro price target is $24+ for LINK, indicating huge upside potential, provided that LINK manages to break its overall bearish structure.
However, such an expectation is conditional upon LINK’s ability to keep its significant support levels intact and beat its long-term resistance. The target reflects the positive view of the analyst, not the actual price movement.
What Comes Next for LINK?
Further adoption of APAC Equities Streams on more trading platforms would certainly be a notable trend to watch out for. Increased connectivity would certainly enhance the relevance of Chainlink in the world of tokenized equities and its data feeds.
LINK traders need to concentrate on defending the level of $10.50 support and regaining the zone of $11.60-$11.80 resistance. Breaking above the level of resistance of the downtrend will offer additional confirmation of the bull case.
However, the recent move to expand Chainlink’s territory has helped the project cement its position among onchain equities. Moreover, for the technical recovery of LINK to be successful, there is a need for it to overcome the significant resistance levels.
Also Read: Chainlink Reserve Adds 427K LINK in October as LINK Price Eyes $16 Target
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Usman Zafar is a News Desk writer at Tronweekly with over five years of experience in cryptocurrency and blockchain journalism. He covers Bitcoin, Ethereum, DeFi, crypto laws and regulation, market activity, Layer 2 scaling solutions, and blockchain-based innovations, focusing on fast-moving developments and official industry updates. Usman previously wrote for BTCread and follows strict verification and editing practices to ensure accurate, timely, and responsible crypto news for a global audience.
