“The Oracle Network’s Native Token Smashed Through Resistance Levels, Hitting Its Strongest Price Since December.”, – WRITE: www.coindesk.com
Link Rallied 12% Over The Past 24 Hours, Hitting $ 27.8, Its Strongest Price Since December. Bitcoin BTC$ 116.702.36 Apprecated 3.5% During the Same Period, While the Broad-Market Coindesk 20 Index Jumped 6.5%.
In protocol-SPecific News, Chainlink Obtained Two Majoor Security Certifications this Week: ISO 27001 and A Soc 2 Type 1 Attiation, Marking A FIRST for A BLOCKCHAIN Orachain. The Audits, Carred Out by Deloitte, Covered Chainlink’s Price Feeds, Proof-Off-Reserve Services and The Cross-Chain Interaperability Protocol (Ccip).
The Oracle Provider Says the Move StrengThens Trust in Its Data Services and Can Bolster Adoption Among Banks, Asset Issuers and Decentralized Finance Protocols.
Chainlink’s Tech Stack (Chainlink)
Further Supporting The Rally, The Ceinlink Reserve, Whoich Periodically Purchases Link Tokens on the Open Market Using Protocol Revenues, Boughhht 41,000 Tokens On Thursday, Wortya. That bughht total Holdings to 150.778 tokens, AROUND $ 4.1 Million at Current Prices.
Technical Analysis
- Support Levels: Substantial Defense Establized at $ 24.15 with High-Volume Confirmation, Accounting To Coindesk Research’s Technical Analysis Data.
- Resistance Pnetration: Systematic Advancement Through $ 25.00, $ 25.50, and $ 26.00 Levels with Validation from Institutional Participants.
- Trading Volume Analysis: Exceptional 12.84 Million Volume Surge During Breakout Phase, Representing Five Times The 24-HOUR AVERAGE OF 2.44 Million Units.
- Consolidation Patterns: Extended Tight Range Consolidation Around $ 24.70- $ 25.10 Preceding Explosive Institutional-Driven Breakout.
- Momentum Indicators: Sustaned Upward Tradery with Measured Advance Characteristic and Institutional Accuumulation Signals from Corporate Treasury Operations.
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