Crypto
Chainlink Surges 8.63% on New Integrations and Strategic Reserve Boost
Chainlink's LINK token surged by 8.63% on strong technical indicators and new integrations with 16 services across seven blockchains.
The platform expanded its ecosystem, increasing its presence in DeFi and asset tokenization, while its strategic reserve bolstered holdings with a fresh purchase of approximately 97,500 LINK valued at $1.1 million.
This move further supported the bullish momentum as LINK trades above all major moving averages, reinforced by strong technical indicators such as MACD, ADX, RSI, and CCI.
The current price of LINK is around $13.1, with support at $12.81 and resistance at $14.12. Traders are watching for a breakout above the latter level to confirm further upside momentum.