Chainlink LINK Jumps 10% to 7-Month High as Reserve Initiative and ICE Partnership Drive Momentum

Chainlink's native token LINK surged 10% on Tuesday, hitting a seven-month peak of $24 amid strong bullish catalysts. The rally extends a 42% weekly gain, outperforming other top 50 cryptocurrencies by market cap.

A strategic partnership with Intercontinental Exchange (ICE), parent company of the NYSE, will deliver foreign exchange and precious metals pricing data on-chain. This collaboration strengthens Chainlink's position as a critical bridge between traditional finance and blockchain infrastructure.

The recently announced chainlink Reserve program creates sustained buying pressure by converting protocol revenue into LINK tokens. Technical indicators remain bullish, with the token trading above both 50-day and 200-day moving averages.

Immediate resistance lies at $24.10-$24.13, while support holds firm around $21.00-$21.30. The RSI approaches overbought levels at 72.72, suggesting potential consolidation before further upside.