Oracle Service ChainLink’s (LINK) The native token jumped 10% on Tuesday to a new seven -month summit in the midst of a new traditional financial partnership and a recent initiative to take back tokens.
The token has exceeded $ 24 for the first time since February, extending its rally at 42% in one week. It is the biggest gain among the 50 best tokens by market capitalization, Coindesk data shows.
Among the catalysts, there was a new collaboration Between Chainlink and Intercontinental Exchange, the parent company of the New York Stock Exchange, to provide foreign currencies and precious metals for chain data pricing. The partnership underlines the growing role of the network as a bridge between traditional finances and blockchain rails.
A token purchase program nicknamed the ChainLink reserve, announced last week in a blogaims to convert the income of ChainLink services and business integrations into liaison tokens, by establishing a persistent purchasing moment.
Technical indicators report upwards
- Link is now negotiated above its 50-day mobile averages, validating the bullish momentum, according to the Coindesk market analysis model.
- Short -term resistance emerged almost $ 24, with support from around $ 21.00 to $ 21.30.
- Relative force index (RSI) The measures are approaching the over -rascal conditions at 72.72, indicating a short -term consolidation potential.
- A conclusive breakthrough above the resistance zone from $ 24.10 to $ 24.13 could trigger the next rally phase.
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