Chainlink’s LINK token continues to trade under bearish pressure even as the project strengthens its position in institutional blockchain infrastructure through a new distribution channel on Amazon Web Services (AWS). Despite the institutional progress, LINK’s price action remains bearish across multiple timeframes, with technical indicators showing sustained downside momentum. The token is trading around $8.50, representing a 3.3% decline over the past 24 hours. Over a broader timeframe, the weakness is more pronounced, with a 7-day drop of 8.7% and a 1-year decline of nearly 40%. Chainlink expands institutional reach through AWS integration Chainlink recently brought its Data Standard live on the AWS Marketplace, marking a notable step in how blockchain infrastructure is being packaged for enterprise adoption.
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