Propel

Chainlink

<p>The partnership between <a href="https://www.thecoinrepublic.com/price-prediction/chainlink/">Chainlink (LINK)</a> and Swift has been causing excitement lately. LINK is still up 0.94 over the week despite a 24-hour drop of 6.64%, currently priced at $11.30. Analysts are exploring the potential for LINK to reach $30.</p> 
<h2 class="wp-block-heading" id="h-chainlink-and-swift-join-forces-for-blockchain-integration"><strong>Chainlink and SWIFT Join Forces for Blockchain Integration</strong></h2> 
<p>Chainlink and <a href="https://www.thecoinrepublic.com/2024/10/03/banks-to-begin-live-digital-asset-trials-on-swift-network-in-2025/">SWIFT</a> are partnering to integrate blockchain into traditional finance. This will enable institutions to interact with digital assets over SWIFT’s established messaging network. </p> 
<p>Institutions can lock assets on-chain and perform payments securely, using Chainlink’s blockchain infrastructure to convert traditional finance messages into blockchain events.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img loading="lazy" decoding="async" width="764" height="736" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-314.png" alt="" class="wp-image-790140" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-314.png 764w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-314-300x289.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-314-150x145.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-314-696x670.png 696w" sizes="(max-width: 764px) 100vw, 764px">
  <figcaption class="wp-element-caption">
   Source: X
  </figcaption>
 </figure>
</div> 
<p>Nazarov said at Sibos the solution was set to move into pre-production. The functionalities are ready for the banks to start integrating into their existing systems. </p> 
<p>Another feature is the introduction of a new Blockchain Privacy Manager (BPM). It facilitates the secure execution of transactions such as private tokenized asset trades and cross-border payments on the Chainlink platform.</p> 
<h2 class="wp-block-heading" id="h-analysts-predict-link-rally-to-30"><strong>Analysts Predict LINK Rally to $30</strong></h2> 
<p>Crypto expert World Of Charts recently highlighted that the asset is forming a bullish flag pattern after a long correction period.</p> 
<p>The price is currently testing a crucial horizontal resistance. If LINK clears the trendline resistance, $15 could be in the cards within the coming days.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img loading="lazy" decoding="async" width="753" height="638" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-315.png" alt="" class="wp-image-790146" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-315.png 753w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-315-300x254.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-315-150x127.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-315-696x590.png 696w" sizes="(max-width: 753px) 100vw, 753px">
  <figcaption class="wp-element-caption">
   Source: X
  </figcaption>
 </figure>
</div> 
<p>If LINK breaks past the trendline resistance, it could gain momentum to hit $30 based on the positive sentiment of the Chainlink-SWIFT partnership.</p> 
<h2 class="wp-block-heading" id="h-the-surge-in-link-volume-points-to-growing-interest"><strong>The Surge in LINK Volume Points to Growing Interest</strong></h2> 
<p>Over the last 24 hours, trading volume on Chainlink has increased by 96%. As the community gears up for the impending SWIFT integration and associated rewards, this surge carries all the promise of what it could mean for Chainlink’s ecosystem. </p> 
<p>The volume is growing, suggesting investors are betting on LINK, well, ahead of the curve for future gains stemming from the partnership’s strategic value.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="326" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-316-1024x326.png" alt="" class="wp-image-790154" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-316-1024x326.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-316-300x95.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-316-768x244.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-316-1536x489.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-316-150x48.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-316-696x221.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-316-1068x340.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-316.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Coinglass
  </figcaption>
 </figure>
</div> 
<h2 class="wp-block-heading" id="h-technical-levels-and-indicators-to-watch"><strong>Technical Levels and Indicators to Watch</strong></h2> 
<p>Mixed signals are noted on technical indicators. The 50-day exponential moving average (EMA) points still to some short-term bullish sentiment. Nevertheless, LINK must go above the 200-day EMA to indicate a long-term bullish outlook.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="538" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-317-1024x538.png" alt="" class="wp-image-790161" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-317-1024x538.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-317-300x158.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-317-768x404.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-317-1536x807.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-317-150x79.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-317-696x366.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-317-1068x561.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-317.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div> 
<p>The positive green histogram bars show increasing upward momentum. The MACD line above the signal line is a bullish sign. </p> 
<p>In addition, an increase in trading volume is often a sign of stronger buying pressure, and this upswing could aid LINK in getting through some resistance levels. </p> 
<p>The key point to watch for Chainlink to maintain its bullish momentum is $12.080. The level of $20 could be ignited by a successful flip of this level into support.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/10/24/will-chainlink-swift-partnership-propel-link-to-20/">Will Chainlink, Swift Partnership Propel LINK To $20?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Will Chainlink, Swift Partnership Propel LINK To $20?

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