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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.
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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- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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