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Chainlink Gains Momentum with Major Partnerships. Chainlink (LINK) is poised for bullish momentum following recent strategic collaborations that underscore its expanding influence in digital asset management. Sygnum Bank has partnered with Fidelity International and Chainlink to integrate Net Asset Value (NAV) data on-chain, enhancing transparency and accessibility for Fidelity’s $6.9 billion Institutional Liquidity Fund.
Chainlink Partners with Fidelity and Sygnum to Bring Real-Time NAV Data On-Chain for Improved Transparency
— P2E.Game (@GameP2e) July 4, 2024
Read more: https://t.co/nSqK1qhPDi#Chainlink #DeFi #Crypto pic.twitter.com/IiW6FIQrPb
This significant initiative reflects growing institutional trust in Chainlink’s technology. Additionally, Alaska Gold Rush’s use of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for secure token transfers highlights its critical role in ensuring seamless cross-chain transactions. These partnerships emphasize Chainlink’s robust utility and potential for broader adoption, driving optimistic market sentiment and positioning LINK for a bullish trajectory.
Key Chainlink Levels To Watch – July 3
Chainlink (LINKUSD) is showing bullish potential as it maintains an upward trend with higher lows, as seen from the ascending trendline support. The price is currently testing the weak support around $13.240, which coincides with the 9-day SMA.
A successful bounce from the trendline could target the resistance at $16.260 and eventually $20.740 if momentum continues. The Stochastic indicator is nearing oversold territory, suggesting a possible reversal and further supporting the bullish outlook.
Chainlink Key Levels
Resistance Levels: $14.730, $16.260, $20.740
Support Levels: $12.540, $9.700, $8.260
LINK Metrics
Total Market Capitalization: $2.22T
LINK Market Capitalization: $8.37B
LINK Volume: $384.84M
Market Rank: #15
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