Chainlink LINK Price Rises on Mastercard Partnership but Faces Resistance at $13.73

Chainlink experienced a significant surge following the announcement of its partnership with Mastercard, which enables 3 billion cardholders to convert fiat to crypto using Chainlink's oracle technology. The token initially gained over 10% but is now encountering resistance below the key level of $13.73.

Technical indicators present mixed signals. The RSI at 63.28 remains bullish, but declining trading volume suggests weakening momentum. Holding above the $13.30 support level could set the stage for a retest of $14, while failure to maintain this level might trigger a correction toward $12.80.

The Mastercard integration represents a pivotal moment for real-world blockchain adoption. However, market participants appear cautious, as LINK's daily volume decreased by 7% despite the price increase. This divergence often precedes periods of consolidation.