LINK Gains 6.7% Amid Plasma’s Integration of Chainlink Services
The native token of Chainlink (LINK) experienced a slight pullback on Friday but still posted a 6.7% gain over the week. This movement is supported by recent collaborations with institutions and protocols.
- Plasma (XPL) joined Chainlink Scale, integrating Chainlink's oracle services to enhance its stablecoin-focused blockchain.
- Swiss bank UBS started a pilot using Chainlink's CCIP protocol with SWIFT for tokenized fund operations.
- The Chainlink Reserve purchased an additional 46,441 LINK, increasing its holdings to over 417,000 tokens valued at $9.5 million.
Technical analysis indicates bullish momentum for LINK, with resistance at $23. The token traded between $22.13 and $23.09, indicating a 4.27% fluctuation in the last 24 hours. It established support at $22.13 with increased buying interest, suggesting potential upward movement towards the $23.10 resistance level.