Chainlink (LINK) Price: Testing Channel Support as Mastercard Deal and RWA Momentum Build

TLDR

• LINK is trading around $9.02–$9.10, down roughly 7% over the past two weeks but up about 1.8% in the last 24 hours.
• Price is consolidating in a tight range between $8 and $10, with traders watching for a breakout toward $11.
• Short-term technical indicators are bearish — LINK is below its 20-day moving average and showing a MACD crossover to the downside.
• Mastercard has partnered with Chainlink to allow over 3.5 billion cardholders to buy crypto directly on-chain using traditional payment systems.
• Analyst Ali Charts flagged $10.10 and $11 as key upside targets if buyers step in at current levels.

Chainlink’s native token LINK is trading in a narrow range near $9, caught between short-term bearish technicals and growing institutional interest in the protocol’s oracle infrastructure.

At time of writing, LINK was changing hands at approximately $9.02 to $9.10, with a 24-hour trading volume of around $289–$315 million and a market cap of $6.56 billion.

The token posted a modest gain of about 1.8% in the most recent 24-hour period, but remains down close to 7% over the past two weeks, in line with broader market softness.

Crypto analyst Ali Charts posted on X that LINK is currently testing the bottom of its price channel. He said if buyers step in, he would be watching $10.10 and $11 as the next upside targets — levels that align with what other analysts are also watching.

The price action has been tightening into a narrow band, which technical analysts describe as compression. Trader and analyst World of Charts noted this kind of range-bound movement often signals that a larger move is building, though direction is not yet clear.

Bearish Signals in the Short Term

LINK is currently trading below its 20-day simple moving average of $9.57 and is approaching the lower Bollinger Band. The MACD line has crossed below its signal line and sits below the zero line — a setup that typically indicates sellers are in control in the near term.

A previous attempt to push toward $11 in May failed, and the price has since pulled back to the $9 area. The $8 to $10 range has acted as a holding zone for several months following a drop from $14 down to $7.30.

If the current support level fails to hold, analysts have flagged further consolidation or a retest of lower support levels as likely outcomes.

Mastercard Partnership Opens the Door for Billions of Users

On the fundamental side, Chainlink confirmed a partnership with Mastercard that would allow more than 3.5 billion Mastercard customers to buy crypto directly on-chain using their existing payment cards.

The integration connects Mastercard’s payment rails with Chainlink’s oracle protocol, removing the friction between fiat currency systems and blockchain transactions.

Chainlink acts as the secure data bridge that verifies real-world payment information and passes it to the blockchain. The tie-up is expected to simplify the onboarding process and make crypto purchases feel closer to a standard card transaction.

Chainlink’s broader value proposition centers on providing verified off-chain data to blockchain applications. Demand for that service is growing, particularly in real-world asset tokenization — where financial institutions need reliable data pipelines for things like treasury redemptions and fund tokenization.

The $10 level remains the key short-term target for bulls, with $11 the next level beyond that if momentum returns.

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