- LINK trades up 0.5%, with SAR flipped bullish at $8.642 and the 50-day EMA at $9.153 as the immediate test.
- SIX Exchange made equities data from Swiss and Spanish markets worth over €2 trillion available on-chain via Chainlink’s DataLink.
- Chainlink joins the Ethereum Foundation’s $1M audit subsidy program as an application evaluator alongside Nethermind and Areta.
SIX Exchange just moved €2 trillion in Swiss and Spanish equities onchain through Chainlink, and LINK is up 0.5% on the day with the 50-day EMA at $9.153 as the only level left before $10.
LINK Daily Chart: SAR Flipped Bullish But Four EMAs Still Sit Above
The descending channel from the October peak near $18.00 remains the dominant structure. Inside it, an ascending wedge has been building since the February low near $7.50, with the lower boundary rising and the upper boundary converging near $9.50 to $10.00. Price at $9.307 sits in the upper half of the wedge with the SAR at $8.642 below, flipped bullish since early April.
Four EMAs remain above price. The 20-day at $9.013 has crossed below current price and now acts as support. The 50-day at $9.153 is the immediate test, sitting just above. A daily close above it puts the 100-day at $10.074 and the wedge upper boundary in play at the same level. Losing the SAR at $8.642 on a daily close breaks the wedge and sends price toward the February low at $7.50.
Key levels for April 17:
- SAR support: $8.642
- 20-day EMA: $9.013
- 50-day EMA: $9.153
- 100-day EMA / wedge upper boundary: $10.074
- 200-day EMA: $11.990
- Descending channel upper boundary: $11.00
- February low: $7.50
SIX Exchange And Chainlink Bring €2 Trillion In Equities Onchain
SIX Exchange and Chainlink announced that equities data from Swiss and Spanish markets, covering more than €2 trillion in market cap, is now available on-chain via DataLink, Chainlink’s institutional-grade data publishing service. Digital asset applications can now access real-time Swiss and Spanish blue-chip equities data through standardised smart contract environments.
Related: Pepe Price Prediction: PEPE Jumps 5% as OKX Brings Regulated EU Derivatives & MACD Flips Positive
Matthew Nurse, head of market data at SIX, described the integration as bringing flagship equities on-chain through proven infrastructure. Fernando Vázquez at Chainlink Labs pointed to DataLink as the path for regulated data providers to commercialise high-quality market data on-chain while maintaining the distribution controls financial institutions require. For LINK, this is institutional integration that builds sustained network demand rather than a single-session price catalyst.
Why Is Chainlink Involved In The Ethereum Audit Program?
The Ethereum Foundation launched a $1M audit subsidy program covering up to 30% of smart contract audit costs for selected developers. Chainlink joins Nethermind and audit marketplace Areta as an application evaluator, assessing technical merit and feasibility of projects applying for funding.
Over 20 audit firms participate including Blocksec, Hacken, Quantstamp, and Immunefi. Chainlink’s role as evaluator rather than recipient keeps it positioned as core infrastructure within Ethereum’s security layer.
LINK Price Prediction: April 17 Outlook
- Upside: SAR holds at $8.642 and LINK closes above the 50-day EMA at $9.153, putting the 100-day at $10.074 and the wedge upper boundary in view simultaneously. SIX Exchange integration keeps the institutional narrative active heading into the week.
- Downside: 50-day EMA at $9.153 holds as resistance, SAR at $8.642 breaks on a daily close, and the ascending wedge from February collapses. February low at $7.50 is the next floor with nothing meaningful in between.
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