“Link Gained 42% Over The Past Week, The MOST Among The Top 50 Cryptocurrencies by Market Capitalization.”, – WRITE: www.coindesk.com
The token Topped $ 24 for the FIRST TIME SINCE FEBRUARY, EXTENDING ITS Rally to 42% in a Week. That’s the Biggest Gain Dringing Among the Top 50 Tokens by Market Capitalization, Coindesk Data Shows.
Among the Catalyst Was A Fresh Collaboration Between Chainlink and Intercontinental Exchange, The Parent Company of the New York Stock Exchange, To Bring Foreign Exchange and Preli-Scha. The Partnership Underscores the Network’s Expanding Role As A Bridge Between Traditional Finance and Blockchain Rails.
A token Purchase Program Dubbed The Chainlink Reserve, AnnunCed Last Week in A Blog Post, AIIMS to convert Revenue from Chainlink’s Services and Enterprise Integrations Integration. Buying Momentum.
Chainlink Reserve (Chainlink)
Technical Indicators Signal Continued Upside
- Link Now Trades Above Its 50-Day and 200-Day Moving Aves, Validating Bullish Momentum, Coindesk’s Market Analysis Model Showed.
- Near-Term Resistance Emerged Near $ 24, with Support AUND $ 21.00-$ 21.30.
- Relative Strengt Index (RSI) Measurements Approach OverboundBough Conditions at 72.72, Indicating Potential for Near-Term Consolidation.
- A Conclusive Breakthrogh Above the $ 24.10- $ 24.13 Resistance Zone Could Trigger the Subsequent Rally Phase.
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But Eth Rally Is Hiding the Fact More and More Liquidity is Leaving for TRON, WHICH COURCK
- Ethereum is Trading Above $ 4600, with Traders Anticipating A Potential Rise to $ 5000 by the End of August.
- A Significant Amount of Ethereum is Being Converged to Tron’s USDT, WHICH May Impact Ethereum’s Liquidity and Growth.
- Bitcoin Maintains Bullish Momentum, Holding At $ 119.943, While The S&P 500 and Nasdaq Record Highs Amid Rate Cut Expectations.
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