- Chainlink integration with TRON enhances TRON’s DeFi infrastructure and boosts the potential for price rallies in both TRX and LINK.
- With TRX breaking key resistance levels and LINK showing strong bullish signals, both tokens are poised for significant gains in the near term.
The recent integration of Chainlink’s decentralized price oracles into the TRON network is making waves in the crypto world. With TRON DAO now leveraging Chainlink’s secure data feeds, both TRX and LINK are showing strong potential for near-term price rallies. This collaboration enhances TRON’s DeFi capabilities and positions the blockchain to compete in the rapidly growing asset tokenization market, currently valued at around $3.5 billion.
ALSO READ:Stellar Bullish Breakout: Is $0.8610 Within Reach for XLM?
Boosting TRON’s DeFi Infrastructure
TRON’s integration of Chainlink marks a strategic move toward more secure and reliable smart contracts. Chainlink oracles have long been trusted in the Ethereum ecosystem, and their expansion to TRON signals a shift that could reshape how decentralized finance operates on TRON. With reliable price feeds now available, developers can build more sophisticated applications on the network, further boosting TRX’s utility and appeal.
TRON’s market response has already been positive. TRX is currently trading at $0.28 after rebounding from a critical support level at $0.2165. The token also flipped a major resistance at $0.2584, a level it had struggled to overcome earlier this year. If TRX can break through the $0.30 resistance in the coming days, a rally toward its 2024 high of $0.4467 is on the table — representing a potential 60% price gain.
ALSO READ:XRP Price Crash to $2.3, Is It the End of the Rally? Here’s What the Chart Reveals
Chainlink Eyes $20 as Bullish Signals Emerge
Chainlink has also benefited from the integration news. While LINK has remained relatively flat around $16 over the past week, it has climbed over 30% in the last 30 days. More importantly, it has recently broken above the stubborn $15 resistance level, closing with a bullish engulfing candle — a strong technical signal suggesting further upside.
Market analysts are closely watching the $20 mark for LINK. Rising trading volume and sustained movement above key resistance levels support the case for a continued uptrend.
A Tied Fate?
The partnership between Chainlink and TRON could lead to synchronized price movements for LINK and TRX, as both benefit from shared growth and increased utility. Investors are optimistic that this technical alliance could turn into a fundamental turning point, making both tokens ones to watch closely in the evolving altcoin market.