Share this article
Chainlink's LINK Surges 13% as Mastercard Partnership Fuels Rally Amid Crypto Recovery
LINK momentum indicators suggest continued bullish sentiment with potential for further upside.
Updated Jun 24, 2025, 7:12 p.m. Published Jun 24, 2025, 6:55 p.m.
Make us preferred on Google
What to know:
- Chainlink's token LINK surged 13% to $13.51, outperforming the broader crypto market.
- The outperformance comes as Chainlink announced a partnership with Mastercard, allowing 3 billion cardholders to buy cryptocurrencies on-chain.
- Easing tensions in the Middle East already contributed to a broad crypto market recovery, with bitcoin rising to $106,000.
Interoperability platform and oracle provider Chainlink's native token demonstrated remarkable strength on Tuesday, climbing more than 13% over 24 hours to a $13.51 high.
Easing tensions in the Middle East with a ceasefire between Israel and Iran already spurred a broad crypto market recovery, with 98 of the top 100 tokens posting gains and bitcoin rebounding to $106,000.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Still, LINK vastly outperformed bitcoin's 2.8% and the broad-market benchmark CoinDesk 20 Index's 5% advances.
The token's bullish action comes as Chainlink announced earlier during the day a partnership with global payments operator Mastercard to enable over 3 billion card holders to purchase cryptocurrencies directly on-chain.
Read more: Chainlink, Mastercard Tie-Up to Let Nearly 3B Cardholders Buy Crypto On-Chain
Technical Analysis
- LINK formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $12.50 on substantial volume.
- Strong support established at $12.85-$13.00, confirmed by multiple tests with above-average volume.
- Momentum indicators suggest continued bullish sentiment with potential for further upside.
- Traders should monitor the $13.30-$13.35 resistance zone where recent profit-taking occurred.
More For You
DeFi protocol ZeroLend shuts down after three years, citing inactive chains and hacks
The protocol is shutting down after three years, citing unsustainable economics, thin margins and rising security threats.
What to know:
- ZeroLend, a decentralized lending protocol operating across multiple blockchains, is shutting down after three years, citing unsustainable economics, thin margins and rising security threats.
- The team says its priority is allowing users to safely withdraw assets, especially on low-liquidity chains like Manta, Zircuit and XLAYER.
- Users affected by last year's LBTC exploit on Base will receive partial refunds funded by ZeroLend's LINEA token allocation.
Top Stories
