Chain link
The Oracle network which helps to fill blockchain networks with external data, has experienced significant price volatility in recent negotiations, recovering from a net correction of 14.4% after finding solid support at $ 13.58.
Recovery has grown by higher consecutive stockings, potentially pointing to accumulation at lower levels. However, Bitcoin
The performances will probably dictate the next major movement for altcoins such as Link.
Link increased by 1.4% in the last 24 hours in accordance with the larger digital asset market prices.
The Coindesk 20 CoNDE CoNCYMARK index increased 1.1%.
The technical indicators indicate a continuous force:
- Link experienced a net correction of 14.4% from $ 13.972 to $ 13.557, followed by a high recovery with high volume support at $ 13.582.
- Notable resistance emerged at $ 13,960 -13.970, where the sales pressure has intensified twice during the negotiation session.
- At 10:00 am UTC, Price Action marked a decisive break with the highest volume of the period (link 1,061,645).
- A new negotiation range was established between 13,800 and $ 3,950, indicating the potential pursuit of the upward trend if the volume remains favorable.
- V-shaped recovery model formed with strong purchases in the support area of 13.785-13.790 $.
- The range of $ 13.830-13,840 is now a new potential support area for the continuous ascending movement.
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