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Technical Analysis

Chainlink’s Strategic Partnership with Amino Rewards Sparks a Bullish Trend

Azeez Mustapha
Updated 1 min read
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Chainlink's Strategic Partnership with Amino Rewards Sparks a Bullish Trend

Chainlink's Strategic Partnership with Amino Rewards Sparks a Bullish Trend In a strategic partnership, Amino Rewards has joined forces with Chainlink, unveiling plans to revolutionize cross-chain token rewards on the BNB and Ethereum mainnets. Chainlink’s CCIP integration ensures a smooth, secure experience for users collecting rewards, boosting LINK’s appeal. With simplified token transfers and flexibility in choosing preferred blockchains, LINK anticipates heightened demand.

The collaboration underscores Chainlink’s commitment to security, backed by decentralized Oracle networks and Risk Management Network endorsements. Michael Zon, CTO at Amino Rewards, expresses excitement about the industry-standard CCIP integration, hinting at an imminent bullish trend for LINK. This innovative move positions Chainlink for a cutting-edge loyalty program, emphasizing the future-proof nature of CCIP and anticipating continuous updates for sustained growth.

Key Chainlink Levels To Watch – December 6

Chainlink's Strategic Partnership with Amino Rewards Sparks a Bullish TrendThe buying momentum of LINKUSD has declined as the price nears the $18.320 supply zone. However, the overall trend remains bullish, as indicated by the MACD (Moving Average Convergence Divergence).
 
According to the MACD, the uptrend began in September 2023. Following a (BOS) Break Of Structure  at 16.580, LINKUSD is likely to retrace into the discount before resuming the uptrend.

Resistance Levels: $18.320, $23.540, $28.710 
Support Levels: $9.650, $7.910, $4.930 

Total Market Capitalization: $1.54T
Chainlink Market Capitalization: $8.85B
Chainlink Volume: $0.91B
Market Rank: #12

You can purchase Lucky Block here.  Buy LBLOCK

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