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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.
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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.
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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.
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- Automated liquidation of bitcoin collateral helped shield asset backed security investors even as the token fell.
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