While some cryptocurrencies like Filecoin (FIL) and Chainlink (LINK) are slowly recovering from the bearish market, TMS Network (TMSN) has seen a 1,700% increase in its token value during phase two of its presale.

Multi-asset lending protocol Whitehole Finance has partnered with Chainlink to enhance its security and reliability. As part of the partnership, Whitehole Finance will make 5% of its native token supply available to Chainlink service providers. The company aims to accelerate the growth of its ecosystem and the long-term adoption of NFT and cryptocurrency lending with the help of Chainlink's industry-leading oracle services.

Coinbase Cloud has partnered with Chainlink to enhance the security and reliability of the blockchain oracle network. As a new node operator, Coinbase Cloud will utilize its global infrastructure and expertise in managing blockchain data to improve the decentralization of the Web3 ecosystem.

The Chainlink price has been trading within a narrow range, resulting in decreased investor interest. However, there has been a 1.5% increase in the past 24 hours, indicating sideways movement. Despite the gains, technical analysis suggests that the bears still control the price action. While there are signals of a potential reversal, broader market strength will be necessary for LINK to initiate a price recovery. At the time of writing, the price of LINK was $6.78, attempting to break its sideways trading pattern while remaining below its resistance level of $6.90.

Chainlink is positioning itself as a bridge between tokenized assets and banks as the adoption of tokenized assets increases in capital markets. The network aims to provide a single, universal interface for financial institutions to access Web3 and interact with blockchains effectively.

Solana and Chainlink both saw gains in today's session as the cryptocurrency market began to recover from Friday's dip. Solana rose by 5% and moved back above the $20 mark, rebounding from an interim floor at $19.90. Chainlink also rose and broke out of a key price point, reaching a high of $6.63 before settling at $6.58. The relative strength index for both tokens showed positive momentum, with Solana's RSI tracking at 46.49 and Chainlink's price strength at 41.20.

The bearish trend a few days ago brought Chainlink (LINK) down to $6.735 on April 26. The bulls tried to recover and drove the price of LINK to a solid 24-hour high of $7.30, but it later fell to a 7-day low of $6.773.

The price of Chainlink had been in a period of consolidation over the past few sessions. However, the bulls were recently able to break above an important resistance level. Despite this recent bullish action, the daily chart showed a 6% depreciation and on the weekly chart, LINK had a 9% loss.

Mobile-first blockchain Celo has joined Chainlink’s Scale program, giving it access to the data provider’s oracle services at a relatively low cost by paying with its own CELO token.

Chainlink's low-latency oracles will integrate with the decentralized exchange GMX, following a successful governance proposal that sought to provide more real-time market data to GMX v2. The new oracles will improve upon the functionality of perpetual DEXs and price-sensitive trading on GMX, as well as strengthen security and improve user experience. The oracles utilize the same oracle node operators and data aggregation mechanisms used in existing Chainlink reference feeds, but extract data at a higher frequency. In return for the service, Chainlink will receive 1.2% of protocol fees generated by the low-latency oracles from the GMX protocol. GMX currently has a combined total value locked of $669 million on the Avalanche and Arbitrum networks. (Cointelegraph)