At the RWA Summit Cannes, JPMorgan Kinexys’ head of blockchain payments innovation mentioned that decentralized finance and traditional finance are rapidly converging. Chainlink (LINK) and Ondo Finance (ONDO) completed a crosschain Delivery versus Payment (DvP) test transaction. Could this move boost LINK’s price? LINK has been consolidating between $10.94 and $18. The LINK/USDT pair could see a bullish breakout above $18, targeting $25.06 if it holds above the 20-day EMA. A sharp decline below $18 could signal continued range-bound action. Bulls have been buying dips at the 20-EMA on the 4-hour chart, indicating potential for a break above $18 resistance. A move below the 50-SMA could invalidate this positive view.

Read more at Cointelegraph: RWA Mass Adoption in TradFi And DeFi Boost LINK Price