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Chainlink ($LINK ) price is currently holding above the $12 support level as the crypto market faces a significant pullback. 
In the past 24 hours, the crypto market fell by 3.8%, and this trend has been on the downward trend in the last one week by 2.65%.
Nevertheless, the introduction of 24/5 on-chain data feeds of U.S. stocks and ETFs by #Chainlink recently may potentially open the path to a potential rally.
Despite the recent market struggles, LINK has still managed to gain 1% over the past month. Meanwhile, Bitcoin price crashed below the $90,000 mark, and Ether price remains under $3,000, reflecting broader market corrections. 
This decline can be partially explained by the reluctance of the U.S. Supreme Court to deliver the verdict on the Trump tariffs issue that has increased the risk of trade tensions between the U.S. and the European allies.
Consequently, investors are shifting their funds to safe-haven assets such as gold and more than $150 million in $BTC long liquidation surpassed the selling pressure.
Chainlink Launches 24/5 U.S. Stock Market Data Feeds On-Chain
Chainlink has launched its 24/5 U.S. Equities and ETF data feeds, making the $80 trillion U.S. stock market accessible on-chain. These data feeds give real-time data on before-market, normal hours, after-hours, and overnight trading.
The service provides important information, such as the stock prices, bid/ask spreads, volume, and market status. The data is available in the 40-plus blockchains and is already utilized in Lighter, #BitMEX , ApeX, and Orderly Network.

This new capability facilitates the work of a decentralized finance (DeFi), such as stock perpetuals, synthetic stocks, and prediction markets. It plays a crucial role in the growth of mixing conventional finance with blockchain that expands the levels of transparency and enables new possibilities in DeFi.
What’s Next for Chainlink Price?
The latest LINK price plunged to $12.31 as selling pressure intensified in the market.  The Relative Strength Index (RSI) stands at 21, showing that LINK is oversold.
The MACD also indicates a strongly negative value, with the value of MACD below the signal line. At present, Chainlink price experiences a heavy resistance at the prices of $14 and $15. These levels have, in the past, been a major obstacle to upward mobility.
If the Future Chainlink outlook manages to hold support at $12, it could aim to test these resistance zones again. A breakout above $13 would be significant to cause a bullish reversal. In case the price does not support at $12, there is more room to go down to $11.20.
Source: LNK/USD 4-hour chart: Tradingview
To sum up, Chainlink price has a bright future as it introduces 24/5 U.S. stock data feeds, which may lead to the further adoption of DeFi and transparency. Although LINK is facing market challenges at the moment, the situation of overselling implies that the #company can experience a recovery in the near future, as long as it can be supported over the next few weeks.