Chainlink
The Oracle network, which helps to bridge the BLOCKCHAIN network with external data, experienced significant award volatility in the latest trade, and was asked for a sharp correction of 14.4% after finding strong support for $ 13.58.
Recovery gained speed through consecutive higher low low and potentially pointed to lower levels accumulation. However, Bitcoin’s
Performance is likely to dictate the next big feature for altcoins as a link.
Link rose 1.4% over the past 24 hours in line with the price action in the wider digital asset market.
Crypto Market Benchmark Coindesk 20 -Index rose 1.1%.
Technical indicators point to continued strength:
- Link experienced a sharp correction of 14.4% from $ 13,972 to $ 13.557, followed by a strong improvement with high volume support for $ 13,582.
- Remarkable resistance occurred to $ 13,960-13,970, where the sale of pressure was intensified twice during the trade session.
- At. 10:00 UTC marked the price action a crucial breakout with the highest volume in the period (1,061,645 link).
- A new trading area established between $ 13,800-13,950, indicating potential continuation of the uptrend if the volume remains supportive.
- V-shaped recovery pattern formed with strong purchase for $ 13,785-13,790 support zone.
- The range $ 13,830-13,840 is now establishing itself as a potential new support zone for continued movement upwards.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
