On July 11, 2025, Chainlink (LINK), the leading decentralized oracle network, remains in the spotlight due to new partnerships and robust activity in the DeFi sector. The current price of Chainlink is approximately 15.45, reflecting a 7.5% increase over the past 24 hours, with a daily high of 15.60. This surge aligns with a broader crypto market rally, particularly following Bitcoin’s climb to $118,000. Technical analysis indicates Chainlink is in a short-term uptrend. Daily charts reveal a Double Bottom pattern formed since late June, signaling a potential reversal from the prior downtrend. The RSI, hovering around 68, suggests strong buying pressure but remains below overbought territory. Key resistance lies between 15.70 and 16.00, while support levels at 14.80 and 13.50 could prevent further declines. Daily trading volume has surged past $1.2 billion, reflecting significant trader participation. Recent news highlights Chainlink’s new partnership with Mastercard, enabling over 3 billion users to purchase crypto directly on-chain. This collaboration, leveraging the Cross-Chain Interoperability Protocol (CCIP), has injected substantial liquidity into Chainlink’s ecosystem. Additionally, whale activity has increased, with data showing over 10 million LINK accumulated by large holders in the past month, indicating long-term confidence in the project. The CCIP protocol continues to expand, with platforms like Spiko utilizing it to access over $380 million in regulated assets. From an ecosystem perspective, Chainlink leads real-world asset (RWA) projects, registering 351 notable GitHub events in the past 30 days. This development activity, coupled with growing demand for Chainlink’s oracles in DeFi platforms, such as decentralized exchanges and lending protocols, has solidified its position. However, some analysts warn that failure to break the 16 resistance could trigger a corrective wave toward 14.80. For investors, a prudent strategy might involve waiting for a breakout above 16 or buying near support levels. In the long term, Chainlink has the potential to reach 28 to $32 by the end of 2025, particularly if institutional partnerships and DeFi adoption grow. Traders should remain cautious, as macroeconomic factors like interest rate changes or market uncertainty could impact the price. Ultimately, Chainlink is in a strong position. A combination of technical analysis, on-chain activity, and strategic partnerships paints a positive outlook for the cryptocurrency, though traders must be prepared for potential volatility.