Chainlink price rose slightly as new data stream integrations boosted the network’s expansion. Key integrations included partnerships with Synthetix and Beefy Finance, which improved the security and reliability of the DeFi ecosystem, signaling increased demand for LINK tokens. Technical analysis shows that Chainlink price is expected to rise by 30% through a wedge formation.

Key Points

- Chainlink price rose 0.3% to $10.5, and the overall market was slow to recover due to the Bitcoin pullback.

- Synthetix integrated Chainlink data streams into its V3, improving market performance and security.

- Beefy Finance upgraded to Chainlink price data, improving security across multiple blockchain networks and preventing flash loan attacks.

- New partnerships show Web3 projects trust Chainlink data services, with huge growth potential.

- Cryptomarket eased the rebound, Chainlink rebounded from $9.44 to $10.6, achieving a 12.38% increase.

- Technical analysis shows a bullish cycle in a wedge formation, which is expected to drive LINK price up 30%.

- Warning: Chainlink price may face a 15% downside risk in the event of a general market correction.