Chainlink price prediction: Is flip of weekly market structure the first sign of recovery?

Share

Chainlink launched the CCIP 2.0 protocol, enabling institutions greater control over asset flows between chains, and partnered with SWIFT to serve as a bridge to traditional finance. Grayscale purchased 159,480 LINK worth $2.36 million via its Chainlink ETF, bringing combined September purchases to 629,100 LINK (approximately $8.3 million), while Bitwise filed an SEC prospectus for a new Chainlink ETF with a 20% allocation toward staking. The weekly structure has turned bullish, with the $10.87 level from May breached in mid-August and retested as support, with the next key technical target at $15.01. The DMI indicator confirms a strong uptrend in progress, with the RSI not yet overbought and OBV showing steady buying pressure since July. A break below $10.60 would be the first sign of trouble for bulls.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items