Oracle Network Chainlink’s (CONNECTION) Native token rose 6% over the past 24 hours crossing $ 24.5 on Thursday as the crypto prices rose higher with altcoins that surpassed.
Price action happened when Alt-Cap Altcoins led crypto markets higher in anticipation that spot-based ETFs could soon hit the market with SEC that approved general listing standards.
It may also include chainlink’s link, with several applications filed earlier this year, and Link Futures is traded on US-regulated exchanges such as coinbase derivatives.
Caliber (CWD)A public wealth management company adopting a Chainlink Treasury Reserve Asset initiative said on Thursday that it bought $ 6.5 million worth of tokens as part of its digital asset strategy.
Chainlink Reserve also bought another 43,000 link on Thursday ($ 1.05 million) As part of the initiative to buy tokens using revenue from protocol integrations and services corresponds to public companies’ repurchase programs.
Since August, the reserve has collected a total of 323,116 tokens worth $ 7.9 million, data shows.
Technical analysis
The technical indicators emphasize links winners, according to Coindesk’s research technical analysis data.
- Robust Support established at $ 22.82 with high-volume confirmation of 5.56 million units, surpassing the 24-hour average of 1.48 million.
- Several resistance levels were violated including $ 24.16 and $ 24.42, demonstrating sustained purchase pressure.
- Increasing low formations throughout the recovery phase that indicates a constant momentum upwards.
