Chainlink’s (LINK) Alliance with Swift Leaves Room Open for $16

Coin Edition
Coin Edition

21 Nov 2023 8:23 AM

LINK could reach $16 in the short term if the adoption of the CCIP continues and buying pressure resumes before the price drops below $13....

  • Swift collaborated with Chainlink and 12+ financial institutions to transfer tokenized value efficiently using CCIP.
  • The price of Chainlink's native token, LINK, has experienced a 147.02% increase in the last seven days but lost 4.26% in the last 24 hours.
  • The Aroon Up indicator suggests a potential recovery for LINK.
  • Traders can consider entry points around $13.83 or $14, with the possibility of LINK surpassing $16.50.

The article provides a positive outlook on the collaboration between Swift, Chainlink, and financial institutions, highlighting the efficient transfer of tokenized value. However, it also mentions a recent drop in LINK's price but suggests the possibility of a recovery.

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You May Ask

What is the purpose of Swift's collaboration with Chainlink and financial institutions?How has the price of Chainlink's native token, LINK, performed in the last seven days?What indicators suggest a potential recovery for LINK?What are the suggested entry points for traders interested in buying LINK?

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