Chainlink Price Rallies on Partnership Deals, Faces Crucial Resistance

Chainlink's price has rallied by 7.13% to $11.82 following significant developments, including a partnership with Bottomline to enable over 600 banks to access blockchain settlement through Chainlink.

The Wyoming state has also added Chainlink's Proof of Reserve to its native FRNT stablecoin for real-time reserve and supply tracking.

These partnerships have contributed to LINK's 45.78% gain in the last month, but it needs to clear the overhead horizontal supply cluster at $12.7 to confirm a rally towards $14.6.