LINK Skyrockets 13% as Mastercard Deal Ignites Chainlink Rally in Crypto Comeback
Chainlink's native token LINK just ripped through resistance—fueled by a strategic Mastercard partnership and broader crypto market recovery.
Oracle network proves its real-world utility again
While most 'institutional adoption' headlines turn out to be vaporware, Chainlink's latest banking collab actually moves the needle. The decentralized oracle provider locked arms with payments giant Mastercard to bridge traditional finance and blockchain—triggering a 13% price surge as traders piled in.
Catching the crypto rebound wave
LINK's rally coincides with Bitcoin reclaiming $60K and ETH bouncing hard. After months of sideways action, smart money's rotating back into blue-chip alts—and Chainlink's fundamentals just got a serious credibility boost.
Another day, another 'partnership' press release—except this one actually made the chart go brrr. Maybe banks do want blockchain tech after all... just not your shitcoin.
Technical Analysis
- LINK formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $12.50 on substantial volume.
- Strong support established at $12.85-$13.00, confirmed by multiple tests with above-average volume.
- Momentum indicators suggest continued bullish sentiment with potential for further upside.
- Traders should monitor the $13.30-$13.35 resistance zone where recent profit-taking occurred.
