Key takeaways
Chainlink (LINK) is among the greatest performers within the high 20, up 12% within the final 24 hours.
The coin is rallying on the again of latest partnerships.
Chainlink overtakes Hyperliquid in the marketplace cap checklist
LINK, the native coin of the Chainlink blockchain, is among the greatest performers among the many high 20 cryptocurrencies by market cap. The coin is up 12% within the final 24 hours and is now buying and selling above $23.
This optimistic efficiency implies that Chainlink’s market cap now stands at $16 billion, surpassing Hyperliqudi’s $14 billion. Because of this LINK has grow to be the Eleventh-largest cryptocurrency by market cap.
The rally comes after Chainlink launched the Chainlink Reserve final week. The Reserve goals to transform income from Chainlink’s companies and enterprise integrations into LINK tokens, establishing persistent shopping for momentum.
Along with that, Chainlink introduced its partnership with Intercontinental Alternate, the mum or dad firm of the New York Inventory Alternate, earlier this week. This can see the 2 entities work collectively to convey overseas alternate and treasured metals pricing information on-chain. The partnership showcases Chainlink’s increasing position as a bridge between conventional finance and blockchain rails.
LINK eyes $30 as bullish momentum grows
The LINK/USD 4-hour chart is among the most bullish, because of the coin’s ongoing rally. The technical indicators are additionally bullish, with the RSI of 63 underscoring the immense shopping for strain. The MACD traces additionally crossed over into optimistic territory since final month, suggesting a bullish bias.
At press time, LINK is buying and selling at $24. If the optimistic momentum continues, LINK might break above the primary main resistance degree at $26.9 over the following few hours. An prolonged rally would enable LINK to check the $30 mark for the primary time since December 2024.Â
Nevertheless, if the market undergoes a correction, LINK might retest the TLQ and help degree at $21.075. The bulls would defend this degree, as failure to take action might see LINK drop to the month-to-month low of $15.5.
