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Chainlink sets for a bullish surge with strategic Suho.io partnership in Asia. Chainlink’s (LINK) bullish outlook is bolstered by its recent partnership with Suho.io, a blockchain financial technology firm. The collaboration, launched on September 2nd, targets the development of tokenized assets and central bank digital currency (CBDC) use cases in key Asian markets like Korea, Japan, and Thailand.
Chainlink and Korean #blockchain fintech company @soohoio announced a strategic partnership❗
— TheNewsCrypto (@The_NewsCrypto) September 2, 2024
🤝 It aims to explore real-world asset tokenization and #CBDC collaborations.
Plans to be expanded in Asia and through this, they aim to accelerate the growth of the… pic.twitter.com/46GyhKUzA9
This strategic move is aimed at integrating advanced blockchain technologies into financial institutions, accelerating the digital asset market’s growth in Asia. By working closely with local financial institutions, Chainlink and Suho.io aim to develop innovative solutions that meet the evolving needs of these markets. The partnership emphasizes a commitment to expanding blockchain’s role in traditional finance, suggesting a positive outlook for LINK investors.
Key Chainlink Levels To Watch – September 3
LINKUSD recently broke out of a downtrend but is facing resistance around the $10.980 level. The Relative Strength Index (RSI) is showing a bullish divergence, suggesting potential upward momentum.
If LINKUSD maintains support above $9.700, it could aim for the next resistance at $12.540. A successful break above this level might drive prices toward $16.260.
Chainlink Key Levels
Resistance Levels: $12.540, $16.260, $22.880
Support Levels: $9.700, $8.260, $6.000
LINK Metrics
Total Market Capitalization: $2.07T
Chainlink Market Capitalization: $8.85B
Chainlink Volume: $176.08M
Market Rank: #12
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