Chainlink LINK Jumps 10% as Strategic ICE Partnership and Reserve Buyback Ignite Rally
Chainlink's native token LINK surged 10% on Tuesday, hitting a seven-month high above $24. With a 42% weekly gain, LINK is now outperforming all top 50 cryptocurrencies by market cap.
The rally follows two key catalysts: a partnership with Intercontinental Exchange (ICE) to bridge traditional finance data to blockchain, and the launch of Chainlink's Reserve token buyback program. These developments highlight Chainlink's expanding role as critical infrastructure connecting legacy finance with decentralized networks.
Technical indicators remain bullish, with LINK trading above both 50-day and 200-day moving averages. While the RSI at 72.72 nears overbought levels, a clear breakout above the $24.10-$24.13 resistance zone could signal additional upside potential.
