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Altcoins & DeFi

LINK Lags Bitcoin as Aave's 24/7 Data Deal Fails to Lift the Token

Image: Crypto Daily

Quick Take Aave became the launch partner for Chainlink 24/7, a feed that prices real-world assets through weekends and holidays. LINK trades below both its 50-day and 200-day averages, and momentum still points lower. The first support level now separates an orderly pullback from a deeper breakdown. Chainlink now streams prices for stocks and commodities around the clock. Aave is the first major lender to use them. The feeds will help Aave value collateral on its institutional markets. The token has not rewarded the news. LINK kept sliding through the launch window and lagged Bitcoin, while sellers held control of the chart. Traders now want to know whether real adoption can halt the decline before support gives way.

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