2024-7-26 14:30 |
Chainlink has dipped by more than 10% in the last 4 days. However, things might be about to change as the TD sequential Indicator is showing a buy signal.
Analyst Ali, with more than $68,000 followers on X, pointed this out earlier today. This signal is based on the 4-hour chart, and it could be a sign that the bearish trend is already changing.
Further analysis shows that the relative strength index for the token is at 47. This points to the possibility of LINK price moving in both directions.
.rh-colortitlebox{margin-bottom:30px;background:#fff;line-height:24px;font-size:90%}.rh-colortitlebox .rh-colortitle-inbox{display:flex;align-content:center;padding:15px;font-weight:700;font-size:110%; line-height:25px}.rh-colortitlebox .rh-colortitle-inbox i{line-height:25px; margin:0 10px; font-size:23px}.rh-colortitlebox .rh-colortitle-inbox svg{width:25px;margin-right:10px}.rh-colortitlebox .rh-colortitle-inbox-label{flex-grow:1}.rh-colortitlebox .rh-colortitlebox-text{padding:20px}.rh-colortitlebox-text>*{margin-bottom:20px}.rh-colortitlebox-text>:last-child{margin-bottom:0} Next Big Airdrop?.rh-toggler-open{height:auto !important} .rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important} .rh-toggler-open .rh-tgl-hide{display:block !important} .rh-tgl-show, .rh-tgl-hide{cursor:pointer} .rh-contenttoggler *{box-sizing: border-box !important} .rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;} .rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +Show less –Read Also: Analysts Warn Against Selling WorldCoin’s Token, Anticipate WLD Price Breakout – But Here’s the Catch
The MACD histogram has been rising over the past few days. This indicates increasing trading volume. Also, the MACD line is above the signal line, pointing to a bullish market.
Chainlink LINK Fundamentals Are Creating Bullish SentimentChainlink has also been making some moves that are bullish for its ecosystem.
One of the latest news is that Wenia, which is a part of LatAm financial giant Bancolombia group, has adopted Chainlink’s Proof of Reserve to secure its COPW stablecoin. The initiative also shows the increase in crypto adoption in Colombia.
We're excited to announce that @weniaoficial—part of LatAm financial giant Bancolombia Group—is now using #Chainlink Proof of Reserve to secure its COPW stablecoin.
Why “this initiative marks a significant milestone in Colombia's digital asset landscape": https://t.co/4cz0lRMnA0 pic.twitter.com/ITrSMfgSBz
Paxos is also using Chainlink’s new PayPal USD price feed to provide price data around its programmable PYUSD stablecoin.
Various news stories about growing adoption are bullish for Chainlink, and they could lead to more buying pressure for its native LINK token.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?
Get all our future calls by joining our FREE Telegram group.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
The post Indicator Flashes Buy Signal for Chainlink (LINK) Amid Multiple Bullish Triggers appeared first on CaptainAltcoin.
origin »ChainLink (LINK) на Currencies.ru
|
