LINK’s collaboration with the HBAR Foundation on the Hedera network is expected to enhance interoperability for decentralized applications (dApps). This partnership will integrate Chainlink’s Data Feeds and Cross-Chain Interoperability Protocol (CCIP) into the Hedera Testnet through Chainlink Scale, empowering Hedera developers with reliable data and cross-chain capabilities. The integration aims to facilitate the creation of secure and scalable dApps on the Hedera network, further driving on-chain adoption.
The market sentiment around LINK remains bullish, with around 86% of holders optimistic about its long-term potential. Analysts have identified an ascending triangle pattern in LINK’s price, indicating a possible breakout if it surpasses the $15 resistance level. Crypto analysts express confidence in LINK, suggesting that breaking the $13 barrier could trigger a rally towards $18, representing a 40% increase from the breakout point.
Furthermore, the net outflows of LINK from exchanges over the past month suggest long-term accumulation by investors, despite some holders taking short-term profits. The sustained confidence in Chainlink’s future is evident in the net 30-day outflow of 662,220 LINK.
With Chainlink strengthening its partnerships, including recent integrations with Swift and BNB Chain, its utility in the DeFi and cross-chain functionality space positions it for potential growth. Investors are now closely watching the $13 mark as a critical resistance level for continued momentum.
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