$LINK Chainlink's LINK token price increases by 13%, Mastercard partnership boosts crypto market recovery,
Chainlink's native token LINK has surged over 13% in the last 24 hours, reaching a high of $13.51, which is a notable performance compared to the overall crypto market,
The primary reason for this increase is the announcement of Chainlink's new partnership with Mastercard, which will allow over three billion cardholders worldwide to purchase cryptocurrencies directly on-chain,
This development comes as reports of a ceasefire between Iran and Israel in the Middle East have spurred a general recovery in the crypto market,
In this recovery, the price of Bitcoin has also reached $106,000,
However, LINK's performance has significantly outperformed Bitcoin's 2.8% increase and CoinDesk's 20 Index's 5% increase,
According to technical analysis, LINK has surpassed the resistance level of $12.50 and established strong support between $12.85 and $13.00, which has been tested multiple times with high volume,
Market analysts believe that the current trend indicates further growth, although some profit-taking activities have also been observed between $13.30 and $13.35,
