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Chainlink’s integration with ZKsync’s Era Mainnet strengthens its market position. The launch of its Cross-Chain Interoperability Protocol (CCIP) on ZKsync allows seamless token transfers across chains. This marks a major step in enabling financial institutions to use blockchain efficiently.
.@zksync 🤝 @chainlink #Chainlink CCIP is now live on ZKsync Era mainnet, a participant of the Chainlink Scale program
— Zach Rynes | CLG (@ChainLinkGod) September 16, 2024
Earlier this year, Chainlink also supported the launch of @aave on ZKsync (Price Feeds) and the tokenization of a Fidelity International fund (NAV Data) pic.twitter.com/S5BuEVeBqT
Chainlink’s CCIP addresses cross-chain communication challenges by offering a secure and standardised solution. Developers can now create decentralised applications (dApps) that work across multiple blockchain networks, increasing adoption. With Chainlink’s technology expanding across more platforms, its potential for widespread use keeps growing. This development could fuel increased demand for LINK, making it bullish.
Key Chainlink Levels To Watch – September 16
LINKUSD is likely to show signs of bullish reversal after bouncing from the bullish order block around $9.700. The 9-period SMA (Simple Moving Average) at $10.780 is providing immediate resistance, but the price is hovering near this level, indicating potential upward momentum.
RSI (Relative Strength Index) at 47.49 signals neutral market conditions, giving room for a push higher. A break above the key resistance at $12.540 will confirm the bullish reversal. If momentum continues, LINKUSD may target $16.260 as the next resistance level. Strong support remains around $9.700, limiting downside risks for the short term.
Chainlink Key Levels
Resistance Levels: $12.540, $16.260, $19.190
Support Levels: $9.700, $8.260, $6.000
LINK Metrics
Total Market Capitalization: $2.03T
Chainlink Market Capitalization: $6.38B
Chainlink Volume: $194.47M
Market Rank: #14
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