for the recovery amid the rebound of cryptocurrencies

The original token showed

For the interoperability platform and provider of data feeds Chainlink, there was a noticeable increase on Tuesday, rising over 13% within 24 hours to reach a peak of $13.51.

The easing of tensions in the Middle East with the ceasefire between Israel and Iran has already led to a broad recovery in the cryptocurrency market, with 98 out of 100 tokens at the top recording gains, and Bitcoin bounced.

to $106,000.

However, #LINK has significantly outperformed Bitcoin's rise of 2.8% and the CoinDesk 20 benchmark index's increase of 5%.

The positive performance of the token comes after Chainlink announced earlier today a partnership with global payment company Mastercard to enable over 3 billion cardholders to purchase cryptocurrencies directly on-chain.

Technical analysis

  • Formed a clear upward trend with higher lows and higher highs, breaking through the main resistance level at $12.50 with significant trading volume.

  • Strong support was established at $12.85-13.00, confirmed through multiple tests with above-average trading volume.

  • Momentum indicators suggest continued positive sentiment with the possibility of more upside.

  • Traders should monitor the resistance area of $13.30-13.35 where profit-taking has recently occurred.

  • #BinanceHODLerSAHARA #BinanceAlphaAlert #MarketRebound #NEWTBinanceHODLer