Chainlink Partners with Major Institutions, Paving the Way for LINK Coin's Future Potential
- Government Collaboration Breakthrough: The U.S. government's decision to publish macroeconomic data on-chain, facilitated by Chainlink's agreement, signifies its critical role in the blockchain space, potentially enhancing its market position.
- Payment Innovation: The partnership with Mastercard enables over 3 billion cardholders to purchase cryptocurrency directly via the Chainlink-powered Swapper application for the first time, which is expected to expand the user base and drive transaction volume growth.
- Financial Infrastructure Integration: Chainlink's collaboration with Swift, DTCC, and Euroclear to create a unified infrastructure for the world's 24 largest financial market infrastructures aims to streamline institutional transaction processes, enhancing market efficiency.
- Asset Management Partnership: Global asset manager WisdomTree, with over $130 billion in AUM, partnered with Chainlink to provide on-chain NAV data, which is expected to increase its appeal among institutional investors.
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Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK) As of , Chainlink (LINK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LINK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LINK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Chainlink (LINK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3.548 | 5.349 | 7.238 | 9.039 | 10.928 | 12.729 | 14.618 |
| Fibonacci | 5.349 | 6.759 | 7.629 | 9.039 | 10.449 | 11.319 | 12.729 |
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