Chainlink’s $LINK token continues to trade under bearish pressure even as the project strengthens its position in institutional blockchain infrastructure through a new distribution channel on Amazon Web Services (AWS).

Despite the institutional progress, $LINK’s price action remains bearish across multiple timeframes, with technical indicators showing sustained downside momentum.

The token is trading around $8.50, representing a 3.3% decline over the past 24 hours.

Over a broader timeframe, the weakness is more pronounced, with a 7-day drop of 8.7% and a 1-year decline of nearly 40%.

Chainlink expands institutional reach through AWS integration

Chainlink recently brought its Data Standard live on the AWS Marketplace, marking a…