Chainlink (LINK) Rockets 10%—ICE Partnership & Reserve Growth Ignite Market Frenzy
Chainlink's LINK token just ripped past resistance—up 10% in a single surge as two bullish catalysts collide.
The ICE cold truth: Chainlink's new partnership with Intercontinental Exchange (ICE) sent institutional interest into overdrive. Meanwhile, swelling reserves in the Chainlink network suggest heavy accumulation by whales.
Oracle dominance pays off: While other projects drown in 'partnership theater,' LINK keeps delivering real-world integrations that move markets. No wonder traders are piling in—even the suits are finally paying attention.
Another day, another crypto rally fueled by actual utility instead of memes. Will the traditional finance crowd finally admit defeat? Don’t hold your breath.
Technical Indicators Signal Continued Upside
- LINK now trades above its 50-day and 200-day moving averages, validating bullish momentum, CoinDesk's market analysis model showed.
- Near-term resistance emerged near $24, with support around $21.00–$21.30.
- Relative strength index (RSI) measurements approach overbought conditions at 72.72, indicating potential for near-term consolidation.
- A conclusive breakthrough above the $24.10-$24.13 resistance zone could trigger the subsequent rally phase.
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Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
