1 day ago
5
- Chainlink (LINK) trades near $8.92 with a 7-day drop of ~9.7%.
- Mastercard deal boosts adoption, but the trend stays technically bearish.
- The $9.02 resistance and $8.85 support define the next move.
Chainlink has remained in a persistent downtrend over recent weeks, falling roughly 9.7% over the past seven days and about 43.8% over the past year.
The token is currently trading near $8.92, holding within a tight 24-hour range between $8.81 and $9.06.
Although short-term price action shows a modest recovery of around 1% over the past 24 hours, the broader trend remains under pressure.
Against this backdrop, a new partnership with Mastercard has drawn attention from traders and institutional participants.
The partnership introduces a fiat-to-crypto gateway designed to route traditional card payments directly into on-chain protocols.
The system allows Mastercard’s global user base to purchase digital assets without relying on centralized exchanges as intermediaries.
Instead, transactions are processed through a compliance-focused routing engine that connects Mastercard’s payment rails with ...
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