Chainlink’s Rising Trajectory, Fueled by Strategic Partnerships and Market Endorsements

Azeez Mustapha


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Chainlink's Rising Trajectory, Fueled by Strategic Partnerships and Market EndorsementsThe growth of LINK is being propelled by sponsorships and strategic relationships. Acknowledged for AI-powered cryptocurrency asset management, SingularityDAO teams up with Chainlink Labs to increase prospects for the LINK ecosystem. Through this collaboration, mentorship and incubation services are made available to Chainlink BUILD members.

Redacted has strengthened security in the volatile cryptocurrency market by integrating Chainlink CCIP for cross-chain pxETH transactions, highlighting LINK’s dominance in the Web3 arena. Lookonchain says that a whale or institution has acquired a significant amount of LINK tokens from Binance, totaling over 1.2 million. This indicates a decisive response from the market. Chainlink trades steadily at about $13, despite market swings. BeInCrypto’s Ali Martinez saw this as a buy signal, suggesting that LINK’s value is about to soar.

Chainlink's Rising Trajectory, Fueled by Strategic Partnerships and Market EndorsementsThe long-term correction seems to have ended as price-tapped sell-side liquidity in the discount zone. Moreover, the Stochastic Oscillator currently reveals that the market is already oversold.
Before the correction phase, the MA Cross indicated that the market was in a bullish trend. LINKUSD is likely to keep expanding upward after the new low formed at $12.540 in the discount zone.

Resistance Levels: $17.330, $18.320, $19.560 
Support Levels: $9.650, $7.910, $4.930

Total Market Capitalization: $1.69T
Chainlink Market Capitalization: $8.1B
Chainlink Volume: $561M
Market Rank: #13

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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