Parshwa Turakhiya Identified Conditional $11.86 Support After Stellar Launch

Parshwa Turakhiya identified $11.86 as conditional chart support for Chainlink (LINK) on Oct. 16, two days after Chainlink Data Feeds and Data Streams went live on Stellar mainnet.

Turakhiya’s analysis set $13.04 and $13.54 as conditional targets if LINK held above $11.86. It assigned no probabilities to either scenario.

Chainlink Data Feeds and Data Streams went live on Stellar mainnet Oct. 14. Nine USD feeds, including LINK/USD, were listed for Stellar on Oct. 19.

Raja Chakravorti, chief business officer at the Stellar Development Foundation, said, “Tokenization is only the beginning. For onchain financial markets to operate at institutional scale, assets need reliable infrastructure for pricing, execution, and movement.”

A separate LINK trading-range snapshot recorded $11.86 as the low in a rolling range that reached $12.73 on Oct. 16. That range low is a price observation; the support label is Turakhiya’s chart interpretation.