 
 
Chainlink (LINK) is facing continuous bearish pressure, struggling to break key resistance. Market analyst GainMuse notes a series of lower highs, highlighting persistent seller dominance and stalled recovery attempts.
Notably, Chainlink’s attempts to recover from the $17–$17.5 zone have repeatedly failed, turning a potential support area into a strong resistance level.
Each rebound has been met with selling pressure, keeping LINK trapped below key resistance and stalling any bullish momentum.
What does this mean? Technical patterns indicate a clear bearish bias. A series of lower highs signals weakening buyer momentum, as each rally fails to reach the prior peaks. This diminishing investor appetite often foreshadows further declines, as sellers consolidate control over the market.
Therefore, LINK’s failure to hold the $17–$17.5 recovery zone highlights the market’s heightened sensitivity, where even minor news triggers sharp moves amid prevailing bearish sentiment. The cryptocurrency now trades at $15.73.
 
UBS Executes World’s First Live Tokenised Fund Transaction via Chainlink DTA
UBS, managing over $6 trillion in assets, has completed the world’s first live tokenised fund transaction using Chainlink’s Digital Transfer Agent (DTA) standard, proving that complex fund operations can now run entirely on-chain under real market conditions.
UBS’s adoption of the Chainlink DTA standard marks a major leap in integrating blockchain into traditional finance.
The tokenized system digitizes fund share issuance, transfer, and redemption, delivering instant settlement, automated compliance, and fully auditable on-chain transactions, streamlining processes that once relied on manual reconciliation and intermediaries.
The rise of tokenized funds signals a shift in bridging traditional finance with decentralized technologies. For UBS, this move goes beyond a proof of concept, it’s a strategic step to modernize fund operations, reduce risk, streamline workflows, cut costs, and enable faster, more secure cross-border transactions for institutional and private clients.
What’s unique about Chainlink’s DTA standard? Well, it bridges traditional finance and blockchain by ensuring regulatory compliance while delivering the speed, transparency, and efficiency of on-chain transactions. This enables fund managers to execute tokenized funds at scale without compromising on legal requirements, removing a key barrier to institutional adoption.
Meanwhile, on-chain analytics firm Santiment recently reported that Chainlink has strengthened its lead in DeFi development, further distancing itself from competitors.
Source: https://zycrypto.com/link-choked-at-17-ubs-launches-first-tokenized-fund-using-chainlink/