Interoperability platform and oracle provider Chainlink’s native token
demonstrated remarkable strength on Tuesday, climbing more than 13% over 24 hours to a $13.51 high.
Easing tensions in the Middle East with a ceasefire between Israel and Iran already spurred a broad crypto market recovery, with 98 of the top 100 tokens posting gains and bitcoin
rebounding to $106,000.
STORY CONTINUES BELOW
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The token’s bullish action comes as Chainlink announced earlier during the day a partnership with global payments operator Mastercard to enable over 3 billion card holders to purchase cryptocurrencies directly on-chain.
Technical Analysis
- LINK formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $12.50 on substantial volume.
- Strong support established at $12.85-$13.00, confirmed by multiple tests with above-average volume.
- Momentum indicators suggest continued bullish sentiment with potential for further upside.
- Traders should monitor the $13.30-$13.35 resistance zone where recent profit-taking occurred.
