Chainlink’s native token Presented Wednesday after a strong start of the week, restoring some of the gains on the news of the grayscale asset manager depositing to convert his fund to close to a negotiated fund on the stock market (ETF).
The token is down approximately 1% in the last 24 hours during a volatile session, knowing a price swing of 7%, by model of technical analysis of Coindesk Research.
Price action followed real estate based in Arizona and the caliber asset manager (CWD) Tuesday announces that he finished his first purchase of liaison tokens, marking the start of his digital asset cash strategy.
Its stock skyrocketed almost 2,000% on Tuesday before restoring a major part of the gains, down 20% on Wednesday before the market. The company has not disclosed the amount of token bought.
This decision makes caliber the first company listed in the NASDAQ to adopt a cash reserve policy focused on the link. The company said that it aims to accumulate links over time using existing credit lines, cash reserves and actions -based titles, with plans to bring tokens into play to generate a return.
Technical analysis
- Commercial performance: Link posted a modest drop of 1% over the period 24 hours a day, knowing volatile intrajournual oscillations of 7% between $ 22.84 and $ 24.46, showed the technical analysis model of Coindesk Research.
- Volume indicators: The negotiation activity increased to 3.78 million units at 2:00 p.m. on 9:00 am UTC, exceeding the average of 24 hours and establishing support near the price level of $ 23.
- Resistance test: The highest of $ 23.49 Intraday encountered a sale pressure before lowering through minor support levels, indicating for profit and potential preparation for an additional decrease in down prices.
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