ChainLink (Link) and Tron (TRX) recently announced a partnership by Tron DAO integrating ChainLink’s decentralized pricing into their network. This integration is an important milestone for Tron’s Defi infrastructure, bringing in a safer and more reliable data feed for smart contracts. Market experts say the move could drive the jumps of native tokens, links and TRX on each other’s platforms.
The integration positions Tron to compete in the growing asset tokenization market. This is currently valued at around $3.5 billion, according to Coingecko data. Until now, most major asset tokenization projects have been built on Ethereum with Chainlink’s native tools.
ChainLink link and Tron Trx momentum reflected in encryption predictions
At the time of pressing, the link has stagnated about $16 over the past week, but the TRX has increased by 4% to $0.27 over the same period. Luckily, Link still had a great month, rising over 30% in 30 days. Furthermore, ChainLink’s prices show that its momentum is being built, closing beyond the range of resistance with bullish encircling candles. Investors hope that in ChainLink, this means that $20 is finally on the way.
Links must overcome critical resistance levels to attack targets. In particular, Link has previously faced a rejection at a $15 resistance level, which is a major hurdle for assets. ChainLink is finally cruising beyond this level, backed by rising trading volumes, and can support your journey to $20.
As for the Tron Trx, the Tron price reached $0.28 this week from its main support level of $0.2165, repeating the key resistance level that it had struggled to surpass the several times this year at $0.2584. Technical indicators support the bullish outlook for TRX. The tron forms an ascending channel and approaches the boundary above it. A successful breakthrough above $0.28 could drive the TRX towards a resistance level of $0.30 in the short term, with a 2024 high of $0.4467, representing an approximately 60% increase from the current level.
Tronx TRX and ChainLink Link are two popular Altcoins, and new integrations could link short-term surges or declines.
