Chainlink Partnerships Pave the Way for a Bullish Momentum

Chainlink’s transformative partnerships pave the way for bullish momentum for LINK. In a groundbreaking case study exploring Oracle’s advanced Cross-Chain Interoperability Protocol (CCIP) technology, Chainlink has forged a strategic collaboration with the renowned financial institution Australia and New Zealand Banking Group (ANZ). Their collaborative efforts with the international financial messaging platform SWIFT have led to significant advancements.

Check out what Sergey Nazarov has to say on this:

Chainlink’s recent usage for cross-currency, cross-chain settlement demonstrates how large institutions like Australia and New Zealand Banking Group (@ANZ_AU)—one of the world’s largest banks with over $1 trillion in assets under management—are able to easily use CCIP as an… https://t.co/akUGpcEQJN pic.twitter.com/5a4coUo9sW

— Sergey Nazarov (@SergeyNazarov) September 28, 2023

According to Sergey Nazarov, the creator of Chainlink, the proficient use of SWIFT messages and the seamless integration of private banking chains with public blockchain networks represent major achievements. These innovations enable smooth transactions, especially within the decentralized finance (DeFi) sector. These pioneering strides signify a transformative phase in the financial industry, indicating widespread acceptance and incorporation of tokenized assets, pointing toward a bullish market for Chainlink (LINK).

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Chainlink Key Levels To Watch – October 1

The inception of the market’s bullish trend led to the invalidation of the double top at $6.6800. Following a rapid surge to the upside in fractals, the uptrend continued into the $8.4400 supply zone. Owing to the selling pressure from the $8.4400 supply zone, a major retracement occurred to the downside.

Following the indication of bullish divergence by the RSI (Relative Strength Index), the uptrend resumed in September 2023. According to the MA Cross and the RSI indicator, the market is extremely bullish. A retracement into the discount zone is likely before the resumption of the market’s bullish trend.

Chainlink Key Levels

Resistance Levels: $7.9100, $8.4400, $8.8000
Support Levels: $6.4700, $5.7400, $5.0000

CHAINLINK METRICS
Total Market Capitalization: $1.11T
Chainlink Market Capitalization: $4.4B
Chainlink Volume: $0.30B
Market Rank: #19

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