Chainlink Gains Support as AVAX Faces Resistance at Key Levels
DTCC CEO's endorsement of Chainlink coincides with LINK nearing a breakout, while AVAX requires a stronger rally to clear technical hurdles.
DTCC CEO's endorsement of Chainlink coincides with LINK nearing a breakout, while AVAX requires a stronger rally to clear technical hurdles. Chainlink (LINK) is trading at ₹1,091 ($11.48), down 0.7% since this brief published. This is an original Token Times brief based on reporting by Crypto Daily, with live market data added, as of Sun, 01 Nov 2026 18:45:01 UTC.
The endorsement from DTCC's CEO could boost institutional confidence in Chainlink, while AVAX's technical resistance levels highlight its struggle to regain momentum after recent declines.
- DTCC CEO publicly backed Chainlink at an event in New York.
- LINK trades just below its 50-day moving average at $12.11.
- AVAX needs a 9% rally to break through its 50-day and 200-day moving averages.
- Total crypto market cap remains steady at $2.69 trillion.
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- Chainlink Gains Support as AVAX Faces Resistance at Key Levels — this brief
- UOS Surges 30.29% in 15 Minutes, Testing Key Resistance Levels
- Chainlink (LINK) Approaches Resistance as Price Nears $12 Milestone
During a recent event in New York, the CEO of DTCC publicly backed 
Chainlink, a move that could enhance institutional confidence in the oracle network. This endorsement comes as LINK trades just below its 50-day moving average at $12.11, indicating a potential breakout if it can surpass this level.
In contrast, 
Avalanche (AVAX) faces a steeper challenge, needing a 9% rally to break through both its 50-day and 200-day moving averages. This resistance highlights AVAX's struggle to regain momentum after a period of decline, despite a modest 2.40% gain in the last 24 hours.
The broader market context shows a relatively flat trading day, with 
Bitcoin up 0.74% and the total crypto market cap holding steady at $2.69 trillion. The Fear & Greed index remains in 'Fear' territory at 34, reflecting continued market caution.
Chainlink's market cap stands at $8.86 billion, while Avalanche's is $3.88 billion. These figures underscore the differing scales of the two projects and the potential impact of technical movements on their valuations.
Investors will be watching to see if LINK can break above its 50-day moving average and if AVAX can muster the strength for a more substantial rally. The outcome of these technical challenges could influence short-term market sentiment and trading strategies.
Since this brief published about 12 hours ago, Chainlink (LINK) has moved from ₹1,098.78$11.56 to ₹1,091.17$11.48 — -0.69%.
The chart plots LINK's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 LINK ≈ ₹1,221.59 (about $11.48), down 2.2% over 24 hours. The rupee itself trades about 12.0% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 1, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Chainlink Gains Support as AVAX Faces Resistance at Key Leve — questions & answers
What did the DTCC CEO say about Chainlink?
The DTCC CEO publicly backed Chainlink during a New York event, though specific comments were not detailed.
Why is AVAX's 9% rally significant?
The 9% rally is significant because it would allow AVAX to break through both its 50-day and 200-day moving averages, potentially indicating a trend reversal.
How close is LINK to its 50-day moving average?
LINK is currently trading just below its 50-day moving average at $12.11.
How much is 1 Chainlink worth in rupee today?
About ₹1,221.59 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $11.48. The rupee price moves with both LINK's US-dollar price and the USDT/INR rate; use our Chainlink in rupee page for any amount.
Has Chainlink's price moved since this brief was published?
LINK is down 0.69% since this brief first published — trading at ₹1,091 ($11.48) now versus ₹1,099 ($11.56) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Daily. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.