Chainlink Gains Bullish Momentum with Optimism Collaboration

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Following integrating its tools with Optimism’s OP Mainnet, LINK is poised for expansion. Services like Chainlink Data Streams, Functions, and Verifiable Random Function (VRF) are part of this collaboration. To promote blockchain innovation and adoption, Optimism has also joined the Chainlink SCALE program. The OP Mainnet provides scalability while utilizing Ethereum’s security.

OP Mainnet has officially joined #ChainlinkScale, alongside @Optimism superchain networks @base & @soneium.

Data Streams, Functions, & VRF are also now live on OP Mainnet, enabling devs to build feature-rich apps with all Chainlink services.https://t.co/x9xDj0nPb2 pic.twitter.com/9PwppABOxa
— Chainlink (@chainlink) November 26, 2024

Chainlink’s tools enhance the network, helping developers build robust decentralized applications. These advancements position Chainlink as a key player in blockchain technology. Chainlink has driven significant industry progress, including over $17 trillion in blockchain transactions and leadership in tokenized asset growth in 2024. Its support for secure data sharing and cross-chain functionality aligns with Optimism’s goals of expanding blockchain use cases. This collaboration reinforces LINK’s value and encourages market optimism for its long-term performance.

Key Chainlink Levels To Watch – November 27

LINKUSD recently broke above the $16.470 resistance level and retraced into the Fair Value Gap (FVG). A retest of the $16.470 area or the FVG zone could confirm strong support for continued bullish momentum.

MACD (Moving Average Convergence Divergence) shows a bullish crossover, indicating potential for further movement towards $19.070 and $21.000. The trend remains bullish as long as the price holds above the $16.120 key level during the retracement.