Partnership enables 3B Mastercard holders to access crypto directly, boosting LINK price and sentiment
Chainlink’s native token, LINK, surged 13% on Tuesday, reaching a daily high of $13.51 as bullish momentum returned to the crypto markets. The rally follows news of a landmark partnership between Chainlink and Mastercard, enabling over 3 billion cardholders to buy cryptocurrencies directly on-chain — a major milestone for real-world crypto adoption.
Mastercard Deal Sparks Investor Excitement
The newly announced integration will use Chainlink’s oracle and interoperability technology to bridge Mastercard’s massive user base with on-chain finance. The development is seen as a strategic breakthrough, unlocking mass access to crypto in a compliant, scalable way.
With Mastercard’s global network backing the move, LINK’s utility and relevance as an interoperability layer are significantly elevated, making the token more appealing to investors and institutions.
LINK Outperforms Broader Market
While Bitcoin (BTC) rose 2.8% to $106,000 and the CoinDesk 20 Index gained 5%, LINK outpaced nearly all major tokens, cementing its place as one of the top-performing assets in the current rally.
The surge comes against a backdrop of easing geopolitical tensions in the Middle East, after a ceasefire between Israel and Iran helped restore investor confidence across global risk markets.
Technical Analysis: Bullish Trend Forming
Chainlink’s price action is showing signs of sustained strength:
- Uptrend confirmed with higher highs and higher lows
- Breakout above $12.50 on high volume signaled a strong bullish reversal
- Support established between $12.85 and $13.00, validated by multiple successful tests
- Resistance forming around $13.30–$13.35, where some short-term profit-taking has occurred
- Momentum indicators suggest further upside potential if bulls can maintain volume above these zones
Outlook: More Room to Run?
With the Mastercard partnership unlocking real-world demand and bullish market conditions returning, Chainlink appears well-positioned for further gains. If LINK can sustain above $13.00, the next technical target sits near $14.20, with potential to test even higher levels if institutional adoption accelerates.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.