LINK Price Defends $10 Support with New Integrations

Chainlink, the leading decentralized oracle network, recently announced a series of new integrations with prominent blockchains to expand its market adoption.

Chainlink (LINK) price encountered resistance at the $10.36 level during the U.S. trading session on Wednesday, continuing a week-long consolidation phase. A series of alternating green and red candles indicated indecision among buyers and sellers, awaiting a strong signal.

Meanwhile, Chainlink announced several new integrations as part of its expanding network.

LINK Price Holds $10 Support with New Integrations

Chainlink, the leading decentralized oracle network, announced several new integrations with prominent blockchains to increase its market adoption. Among these partnerships, two notable collaborations were announced.

GasStation is a platform that optimizes Ethereum gas fees by providing users with tools and markets to better manage and predict gas prices for transactions on the Ethereum network.

This collaboration will grant GasStation access to Chainlink oracle services and technical support, enhancing the security and utility of its Ethereum gas spot market. In return, GasStation will contribute 5% of its total native token supply to Chainlink service providers, including stakes.

Chainlink Build is excited to announce a new partnership with @GasStationFi, a decentralized platform that provides users with optimal gas prices and markets to better manage and predict gas prices for transactions on the Ethereum network.

This collaboration will provide GasStation access to Chainlink oracle service and technical support, which helps support the security and use of its Ethereum gas spot market. In return, GasStation will contribute 5% of its total native token supply available to Chainlink service providers, including stakes.

Chainlink also announced a partnership with Charged Particles, a decentralized finance (DeFi) protocol that enables users to deposit digital assets, such as NFTs, into a “charged” NFT.

This integration will facilitate secure cross-chain transfers of the IONX token between Ethereum and Modenetwork.

DeFi NFT has integrated Chainlink CCIP to enable secure cross-chain transfers of its IONX token across @ethereum and @modenetwork.

CCIP empowers decentralized applications to tap into the cross-chain ecosystem.

As the Chainlink ecosystem continues to grow, these collaborations may drive further innovation and opportunities to scale, potentially bolstering the LINK price rally.

Chainlink Price Forming Ascending Triangle Pattern

On the 4-hour time frame, the LINK price is forming an ascending triangle pattern.

This bullish continuation pattern typically showcases a temporary consolidation between a rising trendline and horizontal resistance before a decisive breakout.

The Chainlink price is currently trading at $10.4 with a market cap of $6.3 Billion. A gradual increase in the Relative Strength Index above the midline (50%) indicates returning bullish momentum for this asset.

If buying pressure persists, the asset price could flip the $10.75 neckline into potential support, enabling a 14% surge to target $12.2.

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