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.
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.