BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Chainlink (LINK) Gains Momentum as Hong Kong CBDC Integration Fuels Bullish Outlook
Chainlink (LINK) Gains Momentum as Hong Kong CBDC Integration Fuels Bullish Outlook
19
2
Chainlink LINK News -
Chainlink's LINK token is currently trading between $13.86 and $14.06, showing modest gains amid declining volatility. The protocol's integration with Hong Kong's CBDC pilot program has reignited bullish sentiment among investors.
Technical indicators point to a potential breakout, with a V-shaped recovery pattern forming and Fibonacci resistance at $15.22. Derivatives activity surged 28.25% to $621.23 million, indicating growing market interest.
The project's role in enabling cross-border digital currency exchanges between Hong Kong's e-HKD and Australian stablecoins highlights its expanding institutional utility. Key liquidation clusters between $14.10-$14.49 could trigger significant price movement if resistance levels are breached.
By:
Previous
Tesla Robotaxi Gains Momentum as Political Tensions Ease
Next
Telegram CEO Pavel Durov Denounces French Accusations in Tucker Carlson Interview
