Oracle Service Chainlink’s (Link) The native token advanced 10% on Tuesday to a fresh seven months high amidst a new traditional financial cooperation and a recent token buyback initiative.
The token led $ 24 for the first time since February, extending its rally to 42% a week. That was the greatest gain during the top 50 tokens by market capitalization, CoinDesk data Shut up.
Among the catalysts are a fresh collaboration Between the chainlink and intercontinental exchange, the parent company of the New York Stock Exchange, to bring foreign exchange and valuable metal pricing data. The collaboration emphasizes the expansion of the network’s role as a bridge between the traditional financial and blockchain metals.
A token purchase program called the Chainlink Reserve, announced last week to a Blog postaimed to convert revenue from chainlink services and business integration to link tokens, which established a continuous purchase of momentum.
The signal of technical indicators continues to be upside down
- The link is now trading above the 50-day and 200-day moving averages, verification of bullish momentum, the CoinDesk market review model showed.
- Close resistance appeared near $ 24, with support around $ 21.00- $ 21.30.
- KaMag -Kaba -child index -child -child (RSI) Measuring approach to over-thinking at 72.72, indicating the potential for close integration.
- A conclusion that breakthrough above the $ 24.10- $ 24.13 resistance zone can trigger the subsequent phase of the rally.
Read more
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
