“Oracle Network Chainlink’s Native Token Shows Resiliency With Strong Demand Stepping in at Key Support Levels.”, – WRITE: www.coindesk.com
The Oracle Network that Helps bridging Blockchain Networks with External Data, ExperienCed Significant Price Volatility in Recent Trading, Recovering Froma A Sharp 14.4% Correction AFind AFind.
The Recovery Gaished Momentum Through Consuctive Higher Lows, Potentally Pointing to Accuumulation at Lower Levels. However, Bitcoin’s
Performance Will Likely Dictate The Next Major Move for Altcoins Such as Link.
Link Rose 1.4% Over The Past 24 Hours in Line with The Price Action of the Broader Digital Asset Market.
The Crypto Market Benchmark Coindesk 20 Index Was Up 1.1%.
Technical Indicators Point to Continued Strength:
- Link ExperienCed A Sharp 14.4% Correction from $ 13.972 to $ 13.557, Followed by a strong recovery with High-Volume Support at $ 13.582.
- Notable Resistance Emerged at $ 13.960-13.970, WHERE Selling Pressure Intensified Twice Durying The Trading Session.
- AT 10:00 UTC, Price Action Marked A Decisive Breakout with the Highest Volume of the Period (1,061,645 LINK).
- A New Trading Range Establized Between $ 13.800-13.950, Indicating Potential Continuation of the Uptrend if Volume Remains Support.
- V-Shaped Recovery Pattern Formed With Strong Buying at the $ 13.785-13.790 Support Zone.
- The $ 13.830-13.840 Range Now Establishes ITSELF as A Potential New Support Zone for Continued Upward Movement.
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