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Chainlink LINK Rallies on Mastercard Partnership, Eyes Sustained Growth
Chainlink LINK Rallies on Mastercard Partnership, Eyes Sustained Growth
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Chainlink LINK News -
Chainlink's price experienced a notable surge after announcing a strategic partnership with Mastercard, which enables smooth fiat-to-crypto conversions for more than 3 billion cardholders. This integration utilizes Chainlink's oracle technology to verify and synchronize transaction data, boosting confidence in real-world adoption.
The rally propelled LINK's price to $13.30, reflecting a 1.35% daily increase, although trading volume declined by 7.18% to $532 million. Technical indicators reveal an RSI of 63.28—indicating bullish momentum but approaching overbought levels, hinting at possible consolidation. Key support lies at $13.30; a drop below this level could lead to a correction toward $12.
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