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

The 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.

CRYPTO BREAKING NEWS
Bitcoin: Rising transactions cause speculation, more inside. The volume of Bitcoin flowing in and out of exchanges rose slightly in the past few days. check us out @ https://t.co/8dh137aX4R pic.twitter.com/0qPuwkxwY6

— InnovatekMobile (@Neome_com) January 7, 2024

 
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.

Key LINK Levels To Watch – January 10 

The 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.

Chainlink Key Levels

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

LINK Metrics

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

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