Chainlink Partners With Mastercard Enabling 3 Billion Cardholders to Buy Crypto
Partnership Announcement: Chainlink and Mastercard have teamed up to allow 3 billion cardholders to purchase crypto assets directly on-chain through a secure fiat-to-crypto conversion, leveraging Chainlink's interoperability infrastructure and Mastercard's global payments network.
Market Reaction: Despite the significant partnership, LINK prices have only seen a minor increase of 3.8%, reflecting broader market trends, while still being down significantly from previous highs.
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Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK) As of , Chainlink (LINK) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 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 | 4.487 | 5.818 | 7.417 | 8.748 | 10.347 | 11.678 | 13.277 |
| Fibonacci | 5.818 | 6.938 | 7.629 | 8.748 | 9.868 | 10.559 | 11.678 |
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