Native token of Oracle Network Chainlink Refused in tandem with the wider cryptography market despite a new partnership with the Japanese financial giant SBI Group.
The link decreased to $ 24.4, down more than 6% in the last 24 hours, show Coindesk data. It is a lively reversal from Friday summit at the start of the year more than $ 27.
The descending trajectory has accelerated by successive negotiation sessions with persistent lower peaks, while the end time presented stagnation with a negligible volume, suggesting potential consolidation, according to the Technical Analysis model of Coindesk Research.
On the news side, SBI Group, one of the largest financial conglomerates in Japan, said on Monday that he had associated himself with Chainlink to develop tokenized assets and stablecoin solutions in Japan, with future plans to develop in other Asia-Pacific markets.
SBI will use the ChainLink transverse interoperability protocol (CCIP) To support transactions on different blockchains while maintaining compliance. Companies will also test token funds by providing net asset value data on the chain and will explore the payment payment towards payment for payment for exchange and cross -border transactions. Chainlink reserve proof of reserve will be used to check the Stablecoin reserves.
SBI and Chainlink have already collaborated under the Guardian project of Singapore, a monetary authority of Singapore (Mas) Exploration initiative of the use of blockchain in finance.
Technical indicators analysis
- Resistance established at $ 26.61 with a clear reversal on a high volume activity.
- Critical support appeared at $ 24.37 with purchasing interest.
- An extraordinary volume of 7,850,571 units during advanced volatility, considerably exceeding the average of 24 hours of 2,687,393.
- Systematic informations of lower peak indicating an acceleration of downward momentum.
Non-liability clause: Parties of this article were generated with the help of AI tools and examined by our editorial team to guarantee the accuracy and membership of Our standards. For more information, see Complete Coindesk AI policy.
