Chainlink price tests channel support amid Mastercard partnership

Created at 31 May · 4:44 PM3 sources↑ Market-relevant3 events

IN SHORT

Chainlink's LINK token is trading near $9.10, down 7% over two weeks but up 1.8% in 24 hours. The price is consolidating, with analysts watching for a breakout to $11. A new partnership with Mastercard allows cardholders to buy crypto on-chain.

Key Numbers

$9.10LINK token price

+1.8%24-hour price change

-7%Two-week price change

$289M-$315MDaily trading volume

$6.56BMarket capitalization

3.5 billionMastercard cardholders

$9.5720-day moving average

Who's Involved

Chainlink

Decentralized oracle network connecting blockchain applications to off-chain data

LINK

Chainlink's native token

Mastercard

Global payments and technology company partnering with Chainlink

Ali Charts

Crypto analyst providing price targets for LINK

World of Charts

Trader and analyst noting LINK's price compression

↳ Why This Matters

Chainlink is a decentralized oracle network that provides essential infrastructure for blockchain applications by connecting them to real-world data. Its services are critical for the growth of decentralized finance (DeFi) and the increasing trend of real-world asset (RWA) tokenization. The demand for these reliable data pipelines is seen as a fundamental driver for the LINK token.

Key facts

Chainlink's LINK token is trading near $9.10.
LINK is up 1.8% in the past 24 hours but down 7% over the past two weeks.
Mastercard has partnered with Chainlink to enable cardholders to buy crypto on-chain.
Technical indicators show LINK is below its 20-day moving average with a downside MACD crossover.
Analysts are watching $10.10 and $11 as potential upside targets if buyers emerge.

Frequently asked questions

Chainlink is a decentralized oracle network that securely connects smart contracts with real-world data, events, and payment systems.

As of the latest update, LINK is trading near $9.10.

Demand for Chainlink's oracle services, particularly for real-world asset tokenization and stablecoin settlement, is a key driver for LINK token demand.

Mastercard's partnership with Chainlink allows over 3.5 billion cardholders to buy crypto directly on-chain using traditional payment systems.

What Happens Next

01Market participants will monitor demand for RWA tokenization and stablecoin settlement.

02Future price action will be influenced by broader market trends and any new partnership announcements or protocol upgrades.

03Buyers may step in at current levels, potentially leading to a breakout towards $10.10 and $11.

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Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

1 Jun · 7:17 AM

Chainlink's LINK token is testing channel support near $9.10, with a new Mastercard partnership potentially boosting demand.

CoinCentral via PiQSuite

31 May · 4:55 PM

The article discusses Chainlink's price action and market sentiment, noting LINK is trading near $9.10, up 1.8% in 24 hours but down 7% in two weeks.

CoinSpeaker via PiQSuite

31 May · 4:31 PM

Chainlink announced seven new integrations across six services and four different blockchains, continuing its expansion.

The Merkle via PiQSuite

Sources

Chainlink Records 7 New Integrations Across 6 Services and 4 Chainsm.piqsuite.com

Chainlink News: Institutional Catalysts Pushing LINK to $10m.piqsuite.com

Chainlink (LINK) Price: Testing Channel Support as Mastercard Deal and RWA Momentum Buildm.piqsuite.com

Chainlink price tests channel support amid Mastercard partnership

Created at 31 May · 4:44 PM3 sources↑ Market-relevant3 events

IN SHORT

Key Numbers

$9.10LINK token price

+1.8%24-hour price change

-7%Two-week price change

$289M-$315MDaily trading volume

$6.56BMarket capitalization

3.5 billionMastercard cardholders

$9.5720-day moving average

Who's Involved

Chainlink

Decentralized oracle network connecting blockchain applications to off-chain data

LINK

Chainlink's native token

Mastercard

Global payments and technology company partnering with Chainlink

Ali Charts

Crypto analyst providing price targets for LINK

World of Charts

Trader and analyst noting LINK's price compression

↳ Why This Matters

Key facts

Chainlink's LINK token is trading near $9.10.
LINK is up 1.8% in the past 24 hours but down 7% over the past two weeks.
Mastercard has partnered with Chainlink to enable cardholders to buy crypto on-chain.
Technical indicators show LINK is below its 20-day moving average with a downside MACD crossover.
Analysts are watching $10.10 and $11 as potential upside targets if buyers emerge.

Frequently asked questions

Chainlink is a decentralized oracle network that securely connects smart contracts with real-world data, events, and payment systems.

As of the latest update, LINK is trading near $9.10.

Demand for Chainlink's oracle services, particularly for real-world asset tokenization and stablecoin settlement, is a key driver for LINK token demand.

Mastercard's partnership with Chainlink allows over 3.5 billion cardholders to buy crypto directly on-chain using traditional payment systems.

What Happens Next

01Market participants will monitor demand for RWA tokenization and stablecoin settlement.

02Future price action will be influenced by broader market trends and any new partnership announcements or protocol upgrades.

03Buyers may step in at current levels, potentially leading to a breakout towards $10.10 and $11.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

1 Jun · 7:17 AM

Chainlink's LINK token is testing channel support near $9.10, with a new Mastercard partnership potentially boosting demand.

CoinCentral via PiQSuite

31 May · 4:55 PM

The article discusses Chainlink's price action and market sentiment, noting LINK is trading near $9.10, up 1.8% in 24 hours but down 7% in two weeks.

CoinSpeaker via PiQSuite

31 May · 4:31 PM

Chainlink announced seven new integrations across six services and four different blockchains, continuing its expansion.

The Merkle via PiQSuite

Sources

Chainlink Records 7 New Integrations Across 6 Services and 4 Chainsm.piqsuite.com

Chainlink News: Institutional Catalysts Pushing LINK to $10m.piqsuite.com

Chainlink (LINK) Price: Testing Channel Support as Mastercard Deal and RWA Momentum Buildm.piqsuite.com

Chainlink price tests channel support amid Mastercard partnership

Key Numbers

Who's Involved

↳ Why This Matters

Key facts

Frequently asked questions

What Happens Next

Get the newsletter.

How It Developed

Sources

Related Stories

Chainlink price tests channel support amid Mastercard partnership

Key Numbers

Who's Involved

↳ Why This Matters

Key facts

Frequently asked questions

What Happens Next

Get the newsletter.

How It Developed

Sources

Related Stories

Chainlink price tests channel support amid Mastercard partnership

PiQ Daily

Key Numbers

Who's Involved

↳ Why This Matters

Key facts

Frequently asked questions

+ What is Chainlink?

+ What is the current price of LINK?

+ What drives demand for the LINK token?

+ What is the significance of the Mastercard partnership?

What Happens Next

Get the newsletter.

How It Developed

Sources

Related Stories

Chainlink price tests channel support amid Mastercard partnership

PiQ Daily

Key Numbers

Who's Involved

↳ Why This Matters

Key facts

Frequently asked questions

+ What is Chainlink?

+ What is the current price of LINK?

+ What drives demand for the LINK token?

+ What is the significance of the Mastercard partnership?

What Happens Next

Get the newsletter.

How It Developed

Sources

Related Stories