Chainlink Surges 20% on Infosys Partnership
Chainlink's price has surged nearly 20% over the past week, closing at $14.1 near the top of its recent trading range.
The cryptocurrency remains above key moving averages, indicating a strong longer-term trend with bullish technical signals.
The current setup shows Chainlink extended into overbought territory, keeping momentum risks high if support holds.
A partnership between Chainlink and Infosys, an IT services giant managing over 1.7 billion banking accounts, has fueled institutional interest in the asset.
Analysts point out that the deal is focused on infrastructure integration rather than directly impacting token demand.
The weekly forecast suggests a high probability of further gains if $14.96 is broken, with support sitting at $13.53 and additional technical backing from the Ichimoku Kijun at $12.15.