Hedera has officially launched Chainlink's Cross-chain Interoperability Protocol (CCIP) on its mainnet

Hedera and Chainlink join hands to open a new era of blockchain interoperability! Hedera's official blog announced that its main network has successfully integrated Chainlink cross-chain interoperability protocol (CCIP), marking a new era of blockchain network security and seamless communication.

This integration is a major breakthrough in the blockchain industry. Chainlink's CCIP is known for its superior security and development flexibility, supporting token transfer, messaging and smart contract triggering on 46 blockchains.

Previously, the HBAR Foundation has announced support for Chainlink's expansion plan, aiming to introduce the advantages of CCIP into the Hedera ecosystem. Today, decentralized applications (DApps) on Hedera can leverage a wider multi-chain ecosystem resources and user base, and vice versa. At the same time, Chainlink's reliable oracle services (data feed, proof of reserve) will further support the applications of DeFi, real-world assets (RWAs) and other DApps.

A highlight of CCIP is the cross-chain token (CCT) support, which provides developers with complete token management and deployment functions. Developers can use tools such as token managers to bridge CCTs between different chains, or build on the underlying architecture based on CCIP.

HBAR price rises strongly

Hedera native token HBAR responded strongly to the news, up 20.14% in the past 24 hours and currently trading at $0.1656.

The rise combined with broader technological positive news shows that the market is full of confidence. The HBAR price was supported in the range of $0.13-0.14, driving the rise. This range shows strong demand from institutional investors. Technical analysis shows that this rise may be the beginning of a long-term uptrend, driven by strong fundamentals and increased ecosystem participation.

RSI and MACD technical indicators show that there is a slight risk of overbought in the short term, but above the support level, the long-term bull market trend remains optimistic.

HBAR price trend analysis

At present, HBAR's technical side is in a tug-of-war between integration and upward trends. The daily K-line chart shows a downward triangle pattern, with the price hovering around US$0.14.

At the same time, the long-term upward channel indicates a healthy upward trend, and the current price is testing the lower track of the channel.

If buyer strength continues, HBAR price may test the resistance level of $0.18-0.20 and may even break through $0.273.

On the contrary, a break below $0.14 may indicate a weak market and may lead to a further correction in the price around $0.11. In any case, the integration of Chainlink CCIP will have a significant impact on market direction and sentiment.

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