What to know:
- Chainlink’s native token, LINK, fell over 6% to $24.4 despite a new partnership with SBI Group.
- SBI Group and Chainlink aim to develop tokenized assets and stablecoin solutions in Japan.
- Technical analysis shows resistance at $26.61 and support at $24.37, indicating bearish momentum.
LINKLINK$24.42◢6.10%Native token of oracle network Chainlink declined like a disillusioned poet’s salary, plummeting 6% despite a “grand alliance” with Japanese financial titan SBI Group. Who needs romance when you’ve got market chaos? 💔
LINK tumbled to $24.4, a price so humble it could blush, CoinDesk noted. This is a far cry from its Friday peak of $27-now a memory as fleeting as a crypto bull run in 2018. The descent? A ballet of bearish despair, punctuated by stagnant volume and the haunting whisper of “buy the dip.”
On the “news” front, SBI Group, Japan’s financial übermensch, announced a partnership with Chainlink to tokenize assets and stabilize stablecoins. Their plans to expand to Asia-Pacific markets? A bold dream, or a recipe for cross-border confusion? 🌏🤔
SBI will wield Chainlink’s CCIP like a sword, slashing blockchain silos while dancing on regulatory tightropes. They’ll test tokenized funds by uploading net asset values to the blockchain-because nothing says “trust” like data transparency. And for cross-border payments? PVP settlements and Proof of Reserve-because stablecoins *obviously* need more proof of… something. 🤷♂️
SBI and Chainlink previously flirted under Singapore’s Project Guardian, a MAS initiative that probably involved more coffee than clarity. Now, they’re back for seconds. Or thirds. Or maybe just caffeine. ☕
Technical Indicators Analysis
- Resistance at $26.61: A wall of hope that crumbled like a poorly baked soufflé. 🥚💥
- Support at $24.37: A fragile lifeline, held by desperate buyers and retail investors with nothing left to lose. 🤞
- Volume spiked to 7,850,571 units-enough to drown in, yet still quieter than a crypto Twitter argument. 🐦📉
- Lower peaks? A bearish waltz, accelerating into the abyss of market gloom. 🕺🌑
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2025-08-25 21:31