This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Chainlink (LINK) has experienced significant growth in the past week, with a 46.49% increase in its market performance. Despite whale movements suggesting profit-taking, LINK has maintained its bullish momentum, gaining 6.10% in the last day to surpass $11. However, some analysts believe that a major retracement may be on the horizon. Crypto analyst Altcoin Sherpa predicts that LINK may dip to $9.50, but sees this as a healthy price correction before the token resumes its upward trajectory. Another analyst, Cryptonary, also warns of caution in the LINK market, citing the overbought zone indicated by the Relative Strength Index (RSI) as a sign of an impending price pullback. Cryptonary predicts a short-term retracement to $9.67, with the possibility of trading as low as $8 due to strong selling pressure. In terms of partnerships, Chainlink has collaborated with major traditional brands such as Swift, the Depository Trust and Clearing Corporation, the Australia and New Zealand Banking Group Limited, and Vodafone Digital Asset Breaker (DAB) to promote the adoption of blockchain technology. At the time of writing, LINK is trading around $11.54 with a 0.25% gain in the last day and an increased trading volume of $824.92 million.