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Chainlink recent integration signals bullish growth. Chainlink (LINK) has achieved a significant milestone with the integration of its Data Streams and Verifiable Random Function (VRF) services onto Base. This development empowers developers to build more sophisticated decentralized applications (dApps) by utilizing Chainlink’s advanced tools. The development clearly marks a step forward in blockchain innovation.
Chainlink Base Integration: Unveiling Data Streams and VRF on the Base Blockchainhttps://t.co/vTf0cOVYNN#BaseBlockchain #Chainlink #ChainlinkServicesonBaseBlockchain #Altcoins
— The Bit Journal (@TheBitJournal_) August 18, 2024
The collaboration with Base showcases Chainlink’s continued expansion into the L2 ecosystem, opening new doors for scalability, security, and reliability. With this integration, Chainlink strengthens its position in the blockchain space, likely driving increased demand for its services. This makes LINK a strong token for bullish market growth in the near future.
Key Chainlink Levels To Watch – August 20 
LINK/USD is showing signs of a bullish reversal after rejecting the support zone around $8.260. The price bounced from the rejection block and is now consolidating above the support at $9.700. A breakout above the descending trendline could confirm further upside potential.
If the breakout above the descending trendline occurs, LINK could rally toward the next major resistance at $16.260. RSI (Relative Strength Index) is rebounding from oversold territory, supporting the potential for upward movement.
Chainlink Key Levels
Resistance Levels: $12.540, $16.260, $19.190
Support Levels: $9.700, $8.260, $6.000
LINK Metrics
Total Market Capitalization: $2.15T
LINK Market Capitalization: $6.38B
Chainlink Volume: $192.01M
Market Rank: #16
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