Oracle Network Chainlinks (Link) native token sharply rebound with the wider crypto market after Federal Reserve -President Jerome Powells Dovish note in Jackson Hole, Wyoming.
Link gathered 12% over the last 24 hours and hit $ 27.8, its strongest price since December. Bitcoin (BTC) appreciated 3.5% in the same period, while the broad market Coindesk 20 index spun 6.5%.
In protocol-specific news, Chainlink achieved two major security certifications this week: ISO 27001 and a SOC 2 Type 1 certificate that marked a first for a blockchain oracle platform. The audits, carried out by Deloitte, covered Chainlink’s pricefeeds, proof-of-reserve services and cross-chain interoperability protocol (CCIP).
The Oracle provider says the move strengthens confidence in its data services and can strengthen adoption among banks, issuers of active and decentralized financing protocols.
Further support for the rally bought chainlink reserve, which periodically buys link symbols in the open market using protocol revenue, 41,000 tokens on Thursday, worth approx. 1 million dollars at the time. It brought total holdings to 150,778 tokens, about $ 4.1 million at current prices.
Technical analysis
- Support Levels: Significant defense established at $ 24.15 with high volume confirmation, according to Coindesk Research’s technical analysis data.
- Resistance Penetration: Systematic progress through $ 25.00, $ 25.50 and $ 26.00 levels with volume validation from institutional participants.
- Trade volume Analysis: Extraordinary 12.84 million volume wave in the breakout phase, which represents five times the 24-hour average of 2.44 million units.
- Consolidation patterns: Expanded tight range consolidation around $ 24.70- $ 25.10 prior to explosive institutionally driven breakout.
- Momentum Indicators: Sustained track with measured advance characteristics and institutional accumulation signals from corporate chain operations.
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