Share this article
BTC
$121,851.87
+
2.72%ETH
$3,049.63
+
1.99%XRP
$2.9535
+
4.24%USDT
$1.0000
-
0.01%BNB
$704.10
+
1.72%SOL
$166.83
+
2.39%USDC
$0.9998
+
0.01%DOGE
$0.2053
+
2.29%TRX
$0.3012
-
0.32%ADA
$0.7483
+
0.48%HYPE
$48.68
+
0.67%XLM
$0.4587
+
2.75%SUI
$3.9392
+
14.01%LINK
$16.33
+
4.72%HBAR
$0.2410
-
0.59%BCH
$512.36
+
0.42%WBT
$46.06
-
0.04%AVAX
$21.74
+
1.82%LEO
$9.0061
-
0.18%SHIB
$0.0₄1369
+
2.77%- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Chainlink's LINK Surges 13% as Mastercard Partnership Fuels Rally Amid Crypto Recovery
LINK momentum indicators suggest continued bullish sentiment with potential for further upside.
What to know:
- Chainlink's token LINK surged 13% to $13.51, outperforming the broader crypto market.
- The outperformance comes as Chainlink announced a partnership with Mastercard, allowing 3 billion cardholders to buy cryptocurrencies on-chain.
- Easing tensions in the Middle East already contributed to a broad crypto market recovery, with bitcoin rising to $106,000.
Interoperability platform and oracle provider Chainlink's native token {{LINK}} 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
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Still, LINK vastly outperformed bitcoin's 2.8% and the broad-market benchmark CoinDesk 20 Index's 5% advances.
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.
Read more: Chainlink, Mastercard Tie-Up to Let Nearly 3B Cardholders Buy Crypto 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.
CD Analytics
CoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk's editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk's AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk's approach to AI-generated content in our AI policy.
Krisztian Sandor
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University's business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
Top Stories
