LINK advanced roughly 4% to $11.76 in the November 1 market report, outperforming a broadly flat cryptocurrency market. The move brought the token close to short‑term resistance identified between $11.77 and $11.91.
New 24/7 pricing service
Chainlink announced a 24/7 pricing service on October 29, providing continuous reference prices for equities, commodities and other real‑world assets. The service combines active‑session prices with off‑hours data from multiple perpetual futures venues, allowing blockchain applications to access pricing information throughout weekends and holidays.
Aave, using the Horizon institutional lending platform, adopted the feeds to value tokenized collateral when traditional exchanges are closed.
Institutional custody and compliance tools
On October 26, Chainlink launched CustodySync with Anchorage Digital. The service links institutional borrowers with decentralized lending protocols while keeping collateral with a qualified custodian, coordinating custody balances, pricing and loan activity.
Further Asset Management announced on October 27 that it integrated Chainlink’s Automated Compliance Engine into its Anubis platform for the Abu Dhabi Global Market. Anubis applies configurable compliance checks, such as identity verification and sanctions screening, before tokenized asset transactions are executed.
Technical outlook
Technical analysis placed immediate support around $11.61‑$11.63, aligning with the 50% Fibonacci retracement and a seven‑day average. A daily close above $11.91 would strengthen a breakout case and shift focus to a near‑term extension target near $12.08.
Long‑term perspective
Analyst Michaël van de Poppe noted a potential longer‑term move above $20 in the first quarter of 2027, contingent on a weekly close above $10.60. He referenced a prior correction of about 35% from a September high and highlighted bullish divergence in weekly RSI and MACD indicators as evidence of a developing base.
