Chainlink’s Next Major Move Comes After This Range, Analyst Says
An analyst has pointed out how Chainlink could see its next major move after it breaks past the range of this technical analysis (TA) pattern. Chainlink Has Been Trading Inside A Triangle Recently In a new post on X, analyst Ali Martinez has shared about a pattern forming in the 1-week price of Chainlink. The pattern is a Triangle from TA, which is a type of consolidation channel that appears whenever an asset’s price trades between two converging trendlines. Related Reading: Bitcoin “Arguably Undervalued,” Says Analytics Firm: Here’s Why Like other consolidation patterns in TA, the....
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Chainlink is approaching a decisive moment as its price compresses within a well-defined triangle structure. The pattern remains strong, but the market is signaling that a major move is imminent. Everything now hinges on a single trendline break, one that will determine whether LINK is ready to reverse higher or sink into a deeper correction. B-Wave Extension Back In Focus: Is The Triangle Still Intact? According to crypto analyst More Crypto Online in a recent update on Chainlink, it is crucial to step back and examine the bigger picture of the asset’s price action. The analyst....
Singapore-based cryptocurrency exchange Bitrue has announced that its daily XRP Raffle lottery will now be secured by Chainlink’s verifiable randomness function (VRF). The tool will be used to select the lottery’s string of winning numbers. Bitrue’s XRP Raffle Made Even More Secure Starting from this week, Bitrue exchange’s daily XRP Raffle will become more reliable through the use of Chainlink’s verifiable randomness function (VRF). The top decentralized oracle provider will help Bitrue determine each of […]
Key Highlights. There was no major move noted in Dogecoin price, and it looks like it is trading inside a range plus waiting for a catalyst for the next move. Range resistance is around 42.0 Satoshis and the support lies around 36.0 Satoshis. There is a sharp divergence noted in the hourly RSI (price feed from HitBTC) that fails to match the current price action. Dogecoin price continued to move inside a tiny range. A break on the either side may ignite some volatility moving ahead. 42.0 Satoshis as a Resistance. We had a look at the daily timeframe chart of Dogecoin price yesterday and....
Crypto analyst SiDec has raised the possibility of the Solana price dropping to double digits. The analyst revealed major levels to watch for entries as market participants brace up for this massive crash. Major Levels To Watch As Solana Price Risks Drop To Double Digits In a TradingView post, SiDec highlighted the range between $136 and $143 as the major resistance zone for the Solana price. Meanwhile, he stated that between $102 and $98 is the next major support zone, indicating that SOL risks dropping to double digits soon if it fails to hold this support zone. Related Reading: Solana....
Chainlink (LINK) has unveiled a new initiative aimed at transforming the corporate actions processing system, collaborating with 24 of the world’s largest organizations of the broader financial sector. This partnership, announced on Monday, seeks to leverage Chainlink’s oracle technology, blockchain capabilities, and artificial intelligence (AI) to streamline the often cumbersome and costly processes associated with […]